Adjustable mortgages make me nervous...Thanks!

It has to be done in multiples and tweaked and adjusted as market environment s change as well as your goals may change and so does the strategy thenWe help a lot of new investors wanting to get into real estate and I personally push this concept of knowing the goal before you buy anything Being in Houston myself and managing 1,000 properties as well as being an investor I can say you are probably in the best market in the country at this moment, as long as you have a clear focus on your goals.

If the development is similar to what you're interested in doing, approach the engineer on the plans.I would also sit in on meetings - at your City Council, Planning Department, Board of Adjustments, etc. - related to subdivision projects.

Example: 75% LTV appreciates 2.5% in the first year and you have a 10% return on your investment and a return that is positive in inflation adjusted dollars.

Its tricky to try and time a market but it while take a huge shift in the economy for construction costs to adjust in any meaningful way any time soon in most areas of the country. 

To scale 50 states there needs to be adjustments to zoning / licensing to be legal. 

Of course, the price of a roof isn't fixed in that its always the same price, but the cost of a roof for a 1,500 SQFT house that costs $50k isn't much different than a 1,500 SQFT house that costs $150k, but the former is a much larger percentage of monthly rents, and must be adjusted accordingly.Hope this helps.Robert Leonard 

A garage can be quite a large $ adjustment on an appraisal depending on your area.

I will adjust

After year 10 the rate may adjust to the market (years 11-15 would be fixed at that one time rate adjustment) with a balloon payment after year 15.