I'm looking at a property that has R2 zoning it is listed  as a single-family with an accessory unit in the public records.

How do you become, as a starting-out developer, a public sector housing developer?

@Ozzy Sirimsi  @Tim Youse @Joseph Abad Appreciate the tip about # of tenants in Towson, looking at the zoning laws : "After the effective date of Bill No. 124-93, a new boarding- or rooming house is not permitted next to an existing boarding- or rooming house unless permitted after a public hearing pursuant to Section 408.B."

If I set up my LLC and then tax it as an S-Corp I think that this will reduce the tax, but to what percent?

Instead, they offered to the reduce the price by $13K.

This reduced uncertainty will modify the results of the model and you start to hone in on your most likely result.You can build very elaborate models and monte carlo simulations can help analyze the results of those.

Equity reduces your return on investment it does not increase it.

Here's yours: http://www.westmilford.org/Cit-e-Access/webpage.cf...If the land is zoned residential, then you could inquire if it's currently owned (public records search will tell you).

It is not easy to find good deals or at least margins are reducing (between higher purchase prices, higher property taxes and higher interest rates).

We got the house we wanted in the town we wanted, made some very minor upgrades and benefited from good ol' fashion California appreciation.Also if wanting to reduce your risk and exposure on your first BRRRR you could partner with a friend/family member.Lastly there are some more affordable parts of California or for your perhaps AZ that while long distance may be close enough for at least a few drives to the area to meet face to face with folks and get a feel for the market.