It really depends on your business model and what you are trying to do.Hope this was helpful :)

:D But you're right, and I appreciate that you shared an outlook I'd like to model.

Knowing these different scenarios and possible outcomes is helping me model and analyze this investment.

Keep in mind it is intended for a wide audience of 3D Modellers, not just people designing homes, so it it might not be streamlined for most people.

It is a different animal for sure but certianly has its benefits over singles as you can grow much quicker.With that said, I highly recommend starting with singles and 1-4 units until you get really comfortable and start to define your business model.

We're down to 4 and have found a great model for moving forward.

I'd love to know if anyone out there has, or will try it out as part of their business model.

Many of the new models have it as well.

In CA you would likely be crossing the line and performing functions that require you do be an Attorney, or Licenced RE Broker or Agent.Yes, my wife is an agent, and specifically holds her license for the purpose of our business.That said, once you have a property under contract, you have "equitable interest" in that property, and I don't know of any laws or NAR regulations that would prohibit you from marketing that property at that point...EVEN WITHOUT A LICENSE.If you know of some law/regulation that would prohibit the marketing of a property that you hold equitable interest in, I'd love to hear it, as it would affect the business model of a lot of people I know...

And when you study the Black Scholes model, make sure you learn about the assumptions underlying it.