Based on the desired monthly payment, we use a financial calculator to determine the necessary terms to achieve that payment, considering the price the seller is asking.If interest rates are not specified, our initial offer includes our desired monthly payment along with their asking price, with a balloon payment due in year 20.

You may also want to look into what Section 8's rates are if they will only pay a certain amount of rent based on bedroom count.

At least not based on what you wrote.

I had to learn how to guess how much value I could add to a property and base my guesses on facts.The journey was already hard because of the lack of experience and information at the start.

Based on you OP, I would consider keeping $50K in reserves in checking or savings account.

I know eXp has few fees, but they have a heft tech fee since they are a cloud-based national brokerage. 

If you already own the land to develop, what rate of return do you expect?

Joanne There are insurance companies that will insure more than 10 properties on a personal umbrella but it can be tricky based on the companies providing the underlying insurance, the makeup of the portfolio, the state you're in, etc. 

He's able to charge a good bit of money per unit since it's a unique experience, and they should be relatively cheap to build once you have the land. 

There's an entire semester-long course in law school called Civil Procedure (the absolute worst - *shudders with fright at the memories*) about figuring out the answer to that question based on the facts.