If I can go in at 5% down my COC return will be 17.3% (if self managed).My current home has $50-60k in equity that’s not doing anything.

@Larry King - I develop, own, and broker towers.

I have an opportunity to purchase 5-7 lots in an area that already has some trailers on it. In general, how much would it cost to prep .25 acres (perc test, running power, water, occupancy permit, etc) to allow for a ...

Just glad you said something instead of steaming to your self about that jerk Bill. ;-)

If you moved then rent up from $600 per side towards $700 per side that very quickly gets you near a 20% CAP, which is excellent.As a matter of interest, if you take out your property management costs, and manage your self, you're at 19% CAP without raising rent.

Even with the better terms described above, self-managed (yuck), and 5% withholds each for CAPEX, maint, and vacancy, you're still negative cash flow (assuming a monthly rent of $995).

I own approximately 14 rental properties in the Columbus, OH area that I self-manage.

The project:We are developing a 40-60 unit apartment building in the mountains of Colorado.

But conversely, one person can only do so much, and you really need to be able to go to the property a lot, so if you're long distance I think it's difficult (but not impossible) to self-manage.

Now looking to establish a Fix & Flip compliment in NJ.I am looking collaborate, form partnerships, split profits, and develop long-term consistency.