We will be making an effort to develop our website more so that applicants can see what we're looking for and help streamline the communications back and forth, but this is the first time that that need has become apparent.Thank you for your input and advice.

Still surprising to see the increase of inventory with all these developing houses but not seeing much job growth which kind of draws a blank.. 

The Milwaukee region has done what many urban areas have done, which is develop the suburbs while the urban core erodes.

After a few years of receiving cash flow from the multis, and perhaps borrowing against them to acquire more income-producing properties, we could eventually move into the house in South Pasadena to take advantage of the schools, while the in-laws would get to retire on the cash-flow from the multi-families.

Look at the contractor's own contracts, if he or she does not have their own contracts then they are not truly serious about their business and is a red flag to me.If you do want to take the risk of using a cheap general contractor or using cheap subcontractors then I would develop your own master agreement for your contractors and have them sign it in order to let them know what the standard is.

I'm really excited to see what's going to happen in terms of development and real estate.

This again allows you to maintain control and have transparency with where your money is going.To wrap everything up I will give an example of what Gear'd Development does.1. walk through with client and review of the scope of work.

You have to decide for yourself what metrics you want to use to measure acceptable investment return and to determine when you want to stop acquiring properties, and begin just reducing the debt on what you own with your eventual goal free and clear ownership. 

I was trying to start out by hiring a contractor to rehab my current residence and maybe develop a relationship for future deals. 

Hello BP,I have stumbled across a prime piece of commercial land that would be profitable to develop as multifamily apartments or retail space.