This includes marijuana as well as electronic cigarettes (i.e.

What are the pros & cons of each, as well as the differences in the development process?

Buying existing rentals and improving it is another story. typically I'd agree but we build a stacked triplex that does very well with build cost around 380k and rent at 5k a month. value is about 600k I think you need to build multiple dwelling units in the same building for the numbers to work

Specifically the pool inspections as well as the patio inspections were incomplete.

I understand that you wont be getting a "deal" with turnkey, but I think what I was concerned with was that the listed price was well above what Zillow/Trulia suggested that property specifically was worth, and the range of prices for that neighborhood. 

You could buy a $225K home for example 3.5% down is $7,875.00 but there is closing costs which I mentioned seller credit or use the rest of your $6K.You could also use a DPA down payment assistance which covers 100% of the mortgage and in some cases depending on the DPA closing costs as well.   

The option has value, it is setting a future price that the seller is agreeing to sell for.

@Samuel Coronado10.35% for land is still really good as well.

For the property managers in the audience... when setting up a property management agreement, what would you consider to be the best way to handle fees that aren't covered in the monthly management fee?

Sending you a dm as well!