What I'm trying to understanding better is creative financing, analyzing the surrounding markets, making connections, and many of the other industry-specific concepts that can really only be learned through real-life experience.The idea of REI came about between myself and my friends because one of them has access to a large amount of capital that he received from his parents as a gift.

Save $10002.

I'd focus on 150,000 sq ft and up deals so you get the densities you need. we just proposed 84 units on a lot that is 4500 square feet in Columbus Ohio with reduction in parking from 111 cars to 0 and we will lease off site parking. shift parking off site to save money on garages or push it into public garages. if the numbers work build structured parking which most the time they do it just depends on the deal size. if you want to sell to institutional investors you need at least 100 units in my opinion but the sweet spot is like 150+. in downtown columbus our market you can get about downtown unlimited height land for 1.5 million an acre.

It's always a good idea to be examining how you do business and considering minor adjustments.

Keep saving as much as you can.

I have about 35k saved up due to still living at home.

I guess the takeaway from this is that these aren't home loans, there isn't a single narrow bell curve representing a very narrow range of rates that everyone with good credit gets (the FTHB spazzing over the rate being 0.25% this way or that have no idea how good they have it, lol). 

.: Try Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.Daily late fees are a bad idea, for several reasons. 

So I am graduating from college next year and I have done a lot of researching and have been saving up money for my first house.

Instead, if I ask him to take off a certain amount from the rent check every month and pay that towards the water bill, would that be a good idea ?