Not sure if it will stop me from buying...this property is now in the hottest development area.

To learn more about this, see the following: https://www.irs.gov/retirement-plans/2017-ira-deduction-limits-effect-of-modified-agi-on-deduction-if-you-are-covered-by-a-retirement-plan-at-work

Several third-party software developers make such add-on/plug-in packages for Excel.EDIT: Be wary of any potential analyst doing this without using some type of Monte Carlo simulation or similar technique.

A book I once read said something to the effect of, "don't worry about selling a wholesale deal.

Hi GuysI am in the process of developing some land just outside of Palm Springs.

I was also involved in the development of a small (20K SF) self storage facility where I own a minority stake.

I am new to BiggerPockets and to real estate investing, but topics like these are not only interesting but very helpful in developing a good understanding of rental property management, and investing.

So the rents are effectively in the $400's... expenses as a percentage are going to be very high on rents that low. 

But, it's a tough market, and CA is getting harder to develop in, especially in the coastal areas. 

I am looking to start investing in real estate to supplement my income, pay off my student loans, and eventually develop a substantial "passive" income stream.