Alison Miller - That is great advice, and in fact I've developed my own software to keep track of all my leads and mailings.

Subsequently, I'm trying to develop a strategy, where I can gain a monthly cash flow on the mtg. pmt WITHOUT the risk.

Land development?

Lane, there is so much to new home development, I'll just address a couple things.

An attorney in Kansas City was assisting in the development of the LLC laws in Jeff City and I did speak with him and suggested multiple members with different rights as to voting and he liked the idea.

Long story short, is an Accountant worth it for this number of properties or would I be money ahead using a tax software to prepare my taxes?

Some people also list properties that might have a highest and best use that is not a park, and that kind of developer does not come around every day- so some properties sit for decades...

The deal also includes 13 acres of developable land, including some commercial frontage.

It looks like whatever software they use to pay themselves from the business (since she is "president" and he is "manager") is clearly *really* cheap and primitive.

Depending on what you want to do they can be very,very involved.Most developers are buying value add buildings already constructed and operating for less than what it cost to build new.They are still building in areas where demand is really high and not much product is available.With that you have to see who is building what and where and how many other applications for new buildings for the area are in the process.You have to time the market with your land purchase,build out,and lease up so that you are not finishing your product in a saturated market.You can have 55 and over regular communities, acute care only,or a mix etc.Income is good but management and regulation is more intensive.Depending on size you would want to bring on a senior housing developer with a track record of experience.