Purchased from developer in 2006, he used a prop manager and its been rented since, will be vacant at end of month. 

I follow a lot of the multi-million dollar developments happening around the city and there are a bunch on the Westside.

@Doug DanoffI am not at all a developer or real estate mogul with umpteen years of experience on my back but I am a consumer.

Not some random number what are the factors?  

While continuing to develop a long term plan for the back 25 acres (I haven't really seen the back acreage).I plan to go after an SBA loan, I have several investors I can bring to the table, and one that is already sitting at the table.

I love Software Development but working for a job that controls my time and money was something I did not want to do in the long run.

Hi Daniel,I think what I have been seeing for the most part is that duplexes up to four plexes are not necessarily marketed at certain cap rates but whatever the market and comparable properties have been selling for.Maybe a factor that contributes to this is that anyone with a traditional home mortgage can purchase up to a 4 unit building without getting a commercial loan.

I will continue to work on the steps you laid out and continue to develop myself so that I can in the near future start up my real estate business.

As RE developers we all know how important it is to hire good, reliable residential contractors.

Would specifically advertising the contract of sale or option with the seller's knowledge be enough to legally reach out to potential buyers, or are there still more developments that I would need to be aware of as well?