.), or common property that the homeowners or developer will need to manage.

Nolan you will likely be unable to get a term sheet from a lender until the property is identified.

They have a good idea what the current trends are and what is going out.If you have a good contractor they also can provide guidance on the different quality of finishes.After you go through a lot of potential properties you will start developing a sense of what you need or want in your property.

Develop some system that you can hire things out to other people when the time is right for you. 

I have identified a foreclosure that I want to jump on for my primary residence.

I would look into setting up a trust so the legacy goes beyond your mom and you, check options to convert the 401K into another instrument if that is still possible, look at something other than a mortgage and let me maybe show you a strategy called 3CX that would allow you to develop a constantly growing portfolio using a combination of reinvestment of cashflow and using line of credit financingI'll send you a connection request so we can setup a phone call if you are interested.

He is dependabke, wether it is a light bulb change,  bathroom renovation or developing a new efficient way an aspect of the management side of the business can grow.

Account Closed said, you keep track of that travel and those expenses could be added to the basis of the property if you have identified the property before making the trip (Just the market investigation trip is not added to basis) Flipping and development: You could possibly deduct the travel to another state if you have a flipping business: 1) Flipping business is reported in the Schedule C or as an ordinary business activity if you have an entity, and travel cost to acquire the other properties can be deducted if planned property. 

As such, I'm looking to develop a relationship with an agent in the Albany area.

The ground lease will usually spell out site improvements the tenant wants and connections.Best thing usually is to connect with a local commercial attorney familiar with development to get your questions answered.You try to limit up front costs but even then you can spend tens of thousands on some deals that do not work.