I’m just trying to figure out my personal investment philosophy and how that factors...

Our developers will look into your account and fix it.

Developer fees such as this one are going away Jan 1 2020 for ADU's under 500sf, and reduced fees for those over 500sf.

Decided to get a conversation going on the opportunities for downtown development. 

Personally I've always found personal development books to help me more with real estate than real estate books specifically.

Unfortunately it's not that easy, IRR is discount rate that makes the net present value (NPV) of all cash flows from your deal equal to zero.I would only use it in a situation where you are looking at two deals and all other factors are the same (which is almost never the case).Or if you are looking at deals with a IRR of 15% to 20% and you run across a deal that says they are estimating a 10% IRR then that's not going to work and you can eliminate it.

Repeated flipping of homes or new home development for immediate sale are the types of things in the real estate space that can trigger UBIT.

I am currently doing as much research as possible on the side to increase my knowledge in both investing and developing real estate.

Factor in the above because every dollar counts.

I am thinking of buying land and developing a small project.