Been in the REI game for about 10 years and licensed since 2013.

Thank you all in advance for those “lessons learned.”David - I never purchase the land until I get all of the entitlements and permits and hi Ty the purchase price of the land to the density granted so if you get less than you’re looking for you can reduce the purchase price.Also I begin with the end game in mind and make sure that I have Builders lined up ready to take down the lights when I’m finished so I know what my profit is in advance.If I’m building the houses and developing the land I make sure the market can absorb the inventory at the price point I am projecting and I work everything backwards from there. 

This will not only help you be in compliance with your lender, but it will also help you make smarter investment decisions since you will have more "skin in the game" on your investment property. 

@Ben Sauer Hey Ben, good for you, you're already way ahead of the game. 

Most will not want to sell, but its a numbers game.

That would certainly give pause to our local appreciation game.  

Although I do question if I am cut out for this game when things like this happen.  

It's impossible to factor in the repairs, late or no rents, evictions, and other games the tenants that dwell therein will teach you.Remember:  you won't get an A tenant in a D neighborhood. 

Easy to get is subjective.. easy for a player who has been in the game, hard otherwise.

Looks like I need to continue saving up my own money (skin in the game) to be more attractive to whomever I get the money from and in a better position.