That neighborhood is buzzing with potential-young professionals, trendy developments, and a rental market that’s always in demand.

This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.

Funny enough, after making a few calls to my network in Scottsdale, plus tapping into a couple of connections I’d developed through some late-night investor meetups, we found a buyer quicker than he could polish off his morning espresso.

Quote from @Clint Miller: Anyone here in the community used construction loans to scale their development projects?

No way he could have grown his rental business that quick or developed scale, by buying his own properties.  

Purchase price: $28,000 Cash invested: $28,000 Raw land, and 2 adjacent lots to be developed into duplex rental What made you interested in investing in this type of deal?

I know some mentioned about developing banking relationships and I totally agree with that, so here is what you do. 1) Open a business checking account in the name of your LLC to hold the assets. 2) Deposit your cash into that account to fund the real estate purchases3) After owning for 60-90 days, talk with a local lender about a line of credit against the 2 properties at 60% LTV. 4) After about 30-45 days, have the line open to use if you need that liquidity that you used, but until then you are not paying 7% interest on nothing. 

If it's above 700 or 720, I wouldn't worry about it too much (though credit scores are dynamic and change over time, especially with RE developers).

In my development I am building a few of my clients have had packages stolen and one theif even took the welcome mat :)  but these are normal front yards etc.  

I assume pros are little maintenance, no cap ex for maybe at least a decade, and possible favorable loan terms from developers.