The developer would place funds into the project also.The development would be taking a raw parcel of ground and developing it into manufactured lots ready for construction.

It's really difficult to determine.Also disturbing that the OP reported cash flow without anything for maint/grounds upkeep, reserves, or property management, and called that cash flow.

As you have found, this site is a fantastic wealth of information and I am so grateful to the seasoned investors for giving their time and posting on here so us newbies can learn from them.

They are very grateful and appreciate the attention.

It's a rowhouse, with a ground floor extension.

He has others that have reversed polarity and open grounds.

The water pooled under one end of the house and caused the foundation to sink into the ground by several inches.

You really need a "team" of players in RE, buyers, Realtors, appraisers, an attorney, title people, contractors, you need boots on the ground going out the gate to go at this in a business manner and trying guru crap.

Just because you only sell one in 12 months, you will likely be advised by any Realtor, closer or attorney to have basically qualified any buyer, kind of like being exempt, but not from prudent business practices.My advice at this point, slow down, see your attorney and get ready for the hot months of RE, ready to hit the ground running within the bounds of the new environment.

I'd say most are unaware of the value of knowing RE from the ground up so to speak.