UAB has an economic impact on the state to the tune of $500k per dayConstruction Hub - Multiple international construction companiesFinancial Hub - There are many banking HQ's in BirminghamInfrastructure projects everywhere to expandSports Medicine originated in Birmingham (HealthSouth)I used to appraise prior to investing.

Just one, but a few plumbers have bid out the project prior to me finding the issue.

Appraisal reports are kind of interesting: Comparative sales, city reports, neighborhood reports, project P&L -130 pages of information on this one property.Put utilities into my name, require going into provide company information, slow lines and a few deposits all done.Closing: Signed a million pieces of paper infront of a room full of people.

Loans are Stated Income and look at the cash-flow of existing or projected market rents. 

I tried to figure out my budget/ rough idea on sales projection to figure out my numbers and offered him what I thought was fair salary/percentage wise and he agreed upon that.  

no problem its not real complicated you just don't know what you don't know until you experience it.you want your experience or knowledge to equal or exceed your buyer so you can best position yourself. for not in the business land owners selling to developers.for me the short to do list is1. first and foremost talk with your CPA and make sure they understand what your doing.. don't want to box yourself into a tax situation you don't care for.2. tight contract.. remember builder/developers by and large are sophisticated buyers.. so need to level the playing field.. this is not some wholesaler trying to snake a property.3. once figure out have a good RE attorney draft the contract don't use standard board of realtor or MLS forms.. it should be a custom contract in my mind..

Then call the architects and ask if they do your kind of project.

Take some photos before , during, and after your project, then share with us the good, bad, and ugly.Being a landlord is not easy, but with a team,  Its money in the bank !

This project will add about 550 sqft of extra living space. 

This is happening with the Tennessee Ave project.