Also, since there is a huge gap in the industry in teaching people how to understand development and the different options we've launched an education arm to help bridge that gap so it's not just the "big guys" with deep pockets that can be a developer.

He said there is another, cheaper option where I basically fill in a survey.

I’m definitely leaning toward this option.

Is there a better option?

I have an option to purchase an MR1 lot in a great location in LA but I'm skeptical regarding uses for this kind of land.

Would a small multifamily cashflow and be a better option for you?

Hello Frank,It's fantastic that you are looking into your options! 

I would own the company as a Franchisee, but not sure if this a good option with all of the associated fees.

For instance, let's say you do the rehab and go to rent it...considering the relatively low value of the property, it's reasonable to expect that the tenants will have low or no credit, they may be unemployed or on income assistance, they may have minimal employment options, and/or they may have a very spotty history with prior rentals.

I have an option to purchase at an attractive price but would rather not bring cash to the transaction.