Quote from @Daniel Rabinov: Hey,I am considering buying a piece of land to develop 8-10 houses on it with common area and amenities.Does anyone have some excel sheet or calculator that can help me check the viability of it being a good investment?

Land/Tree clearing? 

Or is it just based on tenant reporting?

Quote from @Brittney Wright: Increase the rent based on what the market supports.

I’m a registered nurse in New York City, new to real estate investing currently in the process of learning and building my knowledge base to make my first real estate purchase.

Underwriting is primarily based off of the property not the borrower. 

I already own an FHA house-hack in Northern NJ and I'd like to land another one in Q4 2024 which would roughly be a year since closing on my first.

(granted, the land was 50% of that... but the investor walked away with a nice 6 figure profit and never had to pick up a single hammer)As a reference, I made my living as an RVP/General Manager for one of the largest Manufactured and Modular home companies in Florida and specialized in both high end modulars as well as "Mobile Home Park" turn-arounds.

It seemed the appraiser knew EXACTLY how much I was looking to borrow and solely based the results of the appraisal on that.

Snow is this mobile home in a park and do they own the land under it?