The part about the hotel development too. 

Looking for recommendations for developers and contractors in Philadelphia that are interested in vacant lots.

The goal/reward here is to develop a process, much like David Green mentions in his book.

Hi all,I am working to secure a land deal and then am going to develop it. 

ya there were many Bay Area investors who bought 4 plex's through LInda Gurcheck in PHX who learned that one the hard way when the building of new subdivisions came to a screeching halt in 08 to 2012 and many of those clients had 100% vacancies on a 4 plex for year or more.these sold at the peak these 4 plexs for 300 to 350k  in 2010 I could buy them same exact building vacant of course for under 100k each.it is a very big misnomer to think that rentals cannot go vacant.. and of course this is HUGELY regional.. and current economics plays a big factor.

The age and condition would be the biggest factors when considering how much money you need in immediate reserves. 

Tracking the development of the relationships with potential investors may become a cumbersome task - and the burden of proof is placed upon the syndicator to prove that the pre-existing relationship was formed at the time a potential investor was provided a 506(b) deal package.

We connected over our passion for real estate and self development and I could see his drive and motivation.

Solution: Know what it will cost in time and money to foreclose and factor that into your ROI calculations.

Hey @Andrew Merritt, I have never been down there personally but I just took a professional development course that talked a lot about this.