Having said that you build what sells for the area and not personal tastes.Great job on the podcast by the way.One question that wasn't asked in the "fire round" that I will throw out here I was curious about.How do you compensate on a ground up build for the amount of time you would have trapped money before seeing a return plus the fact that in some cases building would take a year or longer from buying the dirt to selling off the finished product??

Here are a few pictures of the current product.

I can't wait to see the final product.

Just an update on this house.I went and looked at the house yesterday and had my agent give me real numbers $110k ARV, $950-$1100 rentShort version: I gently offered $70k, they declined and said they would hang on to it and keep trying.My evaluation:Seems like a nice neighborhood alot of older people, and decent incomes (assuming based of the vehicles in the driveways and landscaping)First thing I noticed as I pulled up was the house was an ugly color and inconveniently narrow driveway lolThe inside was actually very nice the kitchen was all new, (everything was cheap materials i.e. vinyl "tile" floor, formica countertops, nice big cabinets but no hardware) But the original hardwood throughout the rest of the house was very nice, bathroom looked new but again cheaper materials.

Typically if you take a lesser area you run the risk of it continuing to be a bad area or declining even more.

Placing the blame on the stated income loan products is like saying a vicious dog is at fault for biting someone, when really it’s the abusive owner of the dog who is at fault.

I'm trying to do some pre-work so the $ I spend on my time with the CPA is as productive as possible.

Not the way it was designed but their health has declined so that's the way it's ended up.

I can totally see someday "Flipping" myself my dream house since I would probably love the deal as much as the final product

I used to use a product that would be suitable for the food industry or healthcare industry but found that it doesn't always work with the infestations that you would find in a long-time vacant property.I have since been using a product called Termidor(no relation to them in any way) and have been very satisfied with it.