I own and develop in South Snohomish County- closing on a triplex I am partner in today.

Being a freelance mobile application developer might.Your idea of "stable" is likely not the same idea as underwriting.

I too, developed a desire to work with commercial over residential back in the day.

.: Read every real estate book I can get my hands on, listened to self development & goal setting audiotapes (Brian Tracy specifically), and spending time here on the forums.I believe it you have to develop a burning desire to succeed in this business, and there are ways to cultivate that with goal setting, affirmations and reading/learning about the principles of success.

I embrace this segment of cash flow as a largely untapped superior investment opportunity.I have not pursued spending time trying to develop ways to invest where there are known restrictions of ownership – in this case, renting the property.

I am always up front with prospective tenants that security deposits are non-refundable prior to moving in (and after the become refundable assuming no damage to the apartment).

The association included $50,000 annually for attorney fees and used that much or more every year primarily suing fellow owners for stupid things.In all of my familiy's history, after all the real estate developments, tranactions and tax planning, we have never collectively come close to spending $50,000 spanning more than 90 years.

Determine the ARV for a finished home comparable to what you'll buildSubtract selling costsSubtract construction costsSubtract land development costsSubtract acquisition costsSubtract carry costsSubtract your desired revenue= property value for you.Comps are irrelevant in land buys UNLESS your property valuation is greater than a comparable property.

We mostly develop new (SFR, and small commercial office condo projects which are sold to owner/users or investors (we handle lease up for investors if necessary).

Does anyone offer to provide references of current or past tenants to prospective tenants?