The upside of the property management salary is that I already have the financing and capital lined up to continue growing over the next 18 months even if i quit the day job.

If stated the other way, post yoru area zip code with the cost to build being lower than the median price, you will have a short list.For instance, you can buy in Vegas at $45-$50 per square foot, yet the cost to build is well above that at $80 so building makes no sense there.

Sounds great, since the house won't grow to its worth for a long time.

Is that a conservative estimate and is there some upside potential to decreasing expenses (for instance, adding a RUBBS system).Next, 12% return where I have to self-manage is too low for my tastes.

What types of real estate will be growing popular in coming years and why?

For such instances, I would take the normal ARV of this home and reduce by a bare minimum of 15% and likely 20% just to keep me safe. base your offer price on the lower adjusted value knowing you have to disclose which will chase away a large % of your buyer's pool, regardless of how nice the area/neighborhood is.

For instance, I have seen many buildings that were in the C class range of years old, but had B class ammenities, area/location and had captial upgrades which made the building a B class, even though it was older than standard B class buildings, so you do need to make adjustments from time to time as you can have a cross bewteen classes on the same building.

Not growing just maintaining.

For instance, if your father is responsible for operation of the company but due to his illness does not complete his defined duties it might be possible to pierce the corporate veil and go after him personally.

For instance large net profits can arguably be from your purchase process however perhaps reduction in construction costs is from him.