Purchase price: $125,000 Cash invested: $3,050 This is a property we have acquired to design and relist, with plans and city development approvals for 12 new SFRs.

From our experience designing and building ADUs across LA City/County, the $/sf of new construction is far, far lower than the $/sf for buying anything, so my gut reaction is to just continue developing the land you have.

@David WilliamsThe issue with bookkeeping is that it is a service that can take a long time(especially if you have different expenses every month) and it is a service that is often not appreciated by the general public.Another issue is that getting a bad bookkeeper will cost more because someone else will need to fix it.You may want to see if you can do the books yourself with the help of a CPA reviewing them on a quarterly basis.There are features within most accounting software's that allow the bank account to be linked to the accounting software.

rentometer Average can be low in a fast rising market. use Zillow rental and find similar features ignore age, what are current rents?

There are some pretty cool discounts on various products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/proI really like the alerts feature that can quickly guide you to current topics that might interest you: http://www.biggerpockets.com/alerts

We added tons of features that are not typical in this neighborhood.

For example, if you are looking to connect with other members near you, want to learn from people in a specific area you’d like to invest in, or have a desire to find people interested in certain topics, you could use the search feature here: https://www.biggerpockets.com/search/users

v=y0TxfwB3BWQ&feature=player_embedded

It has so many features that the other real estate boards do not have.

I have been in the industry for almost 11 years starting out in the design/build construction arena and then transitioning to finance four years ago.