If you're a buy and hold guy, then buy a decent condo by a well-known developer at a AAA location and you'll be fine.

Amazingly enough, two young women took it right away,  and although she went through several roommates, one of them was our tenant for the next six years until the place (which had just gone condo when we bought)  decided to go BACK to apartments and we sold it to the developer.  

Investment Info:

Other commercial investment investment.

Purchase price: $480,000

Cash invested: $1,000,000

Sale price: $1,600,000

Commercial Property built 1915, Construction Project in 3 phas...

I have two realtors in my family so I can get information really quickly on properties, I worked on my family’s rentals for about 5 or so years, I’m pretty good with Microsoft office, I found a five unit apartment in a desirable area originally to wholesale but I want to acquire it after analyzing it a little more, and I’m just a hungry young man willing to work I used to play football on the college level so I’m looking to bring my work ethic developed over the years to real estate investing.

I have developed a solid track record and have deals coming in frequently.

Although Austin is developing farther out so fortunately could really benefit in the long-term.For those of you whose first property was a single-family househack, what would you do differently or what would you pay more attention to if you could do it again? 

A huge problem with a lot of blue states and cities is in an effort to densify housing they don't require developers to provide adequate parking, thus the streets become full of people parking on the street and that spills over into nearby neighborhoods.

What do you think is easier for a new investor: successfully identifying and finding a good deal THEN developing a network and securing a reputable lender in 30 days to close a deal or meeting people, finding reputable lenders and then finding a deal where they have people in place already who can tell them whether it's a deal or not?

Have worked in real estate development in Canada, Australia, Taiwan and the UK.  

It states that 80k in development fees are included in the price for the lot.