THU NGUYEN my personal opinion is, first you have more control how to invest and being engaged at war zone level and second with buy and hold strategy you will build equity and build wealth overtime (long term if you hold your property).

hello troy and all BP family. i think i have some answers for you. first let me start by painting a scenario for you. imagine you are a banker. you have just aqquirred several houses thru repossession. all range in dollars owed to your bank from $30,000 to $300,000. suddenly, the federal government has decided that the flood of foreclosures hitting the market is killing the market and they decide to put a restriction on how many any bank can put back out on the market in any given year. so, you get instructions that, of the 100 houses you have for market, you can list only 25 this year. you have 50 houses that are below the $50k level, and 50 that rise above and way above the $50k level. which ones are you going to market???

First you need to determine the experience level of your broker versus the experience level of the developer trying to buy your property.Is it a small developer partnering with a larger one?

Also, at the lower cost levels their English is quite broken but understandable. 

Generally the cost of hard money will trump that little extra bit your CPA charges you... by a lot.Done this way, I've had REI with multiple properties have a negative number on line 21, but still calculated as cash flow positive because that level of detail on the tax returns (and adding back depreciation) allowed me to do so.

Market could go back to 2013 levels and if rents dropped way down too it might not cover the extra 200k debt service as well.Would it make sense to use the equity to pay off your other investment or does that make this much cash flow as well?

This can be as simple as treating people kindly in your classes and getting to know them on a personal level.

No fuss, no muss.BPers are so caught up in the super high level complex and difficult stuff, I feel like you guys sometimes forget the basics.

I'm definitely pushing my own comfort level with this venture.

However, on Redfin, Truila, etc. they look to be included and used in the $/sq. ft calculation.For example, check out this listing, there are 1610 main level and 506 finished basement but both are included in the total sq. ft.