A couple airplane tickets for his sales reps & renting a room from the hotel?

Will this spill over to Round Rock, Kyle, Buda, etc?

He must be making the media rounds.

It doesn't... but I'm guessing you can only buy by the geo sub-portfolios listed... the one I'm interested in has 484 units (I rounded up to 500).

I really see no reason to use insurance asa lottery ticket.

Trent no offense but you are talking about a pipe dream.So you have zero experience yet want a huge payout.I have worked for developers assembling land.My biggest project was on about 25 acres with a 600,000 sq ft mixed-use retail project with an after build value of 150 million dollars.Money is tight right now and unless you have an awesome piece of land most developers are doing repositions where they can reface a shopping center and make new again.This cost much less money than building from scratch.New development has a bunch large down requirements as construction projects are required in phases for lending.What I have seen happen is they bought a piece of land as a group.Leveled it with the first phase of money and then starting putting in pipes and concrete and the second round of funding fell through.They could line up more funding but it is much more expensive then what they had before and the percentages would affect to much the partners that have already put in money.So in those types of situations the partners would much rather wait for the lending environment to get better to get reasonable terms for the next round of funding to finish the project plus rent rates will have most likely improved by the time it is built instead of right now and concessions will be down.Holding costs while waiting is a concern but is balanced against other factors.The anchor for a big project like that will wait a few years if the location is that good.If it is a sub par corner the anchor will cancel their commitment and move to a better location instead of waiting for that one to be built.If you like development go work for a firm with experience and put in your time learning the ropes.To think about this other stuff is a waste of time.

Sam Sagor, I see your conference ticket and raise you another one, plus a modest bribe.

I took two trips of approximately 300 miles each round trip to buy my kitchen cabinets/sink/counter tops.

With that said, we all need to find ways to cut costs so that we can continue to compete in this tighter market, however, a few hundred dollars in savings on one flip does not amount to much for my situation so I look for the big ticket discounts like 20% off my entire $5k plus order.

Your previous expierence will really help you as you start round two.