How I Lost $105,752 on My First Entitlement Deal
TLDR: This entitlement “paper flip” looked great on paper, but we lost $105,752 because our timeline was dependent on the city’s Development Agreement process, and key city staff turnover slowed approvals until our contract deadlines expired. Biggest Lessons: Contract for worst-case timelines, validate local demand and absorption (not just county growth), do not spend ahead…