I am a little worried when the abundance of foreclosures is no longer here...

There is an abundant opportunity in real estate and all one needs to do is see it and take advantage of it!

The Piney Woods region is in East TX which is abundant with recreational areas.

Apparently the sewage pipes and things had been replaced nine years ago by the owner right before he died and three years ago the water pipes had a leak from calcium buildup and were replaced.

Housing starts have been fueled by rising rents, cheap mortgage rates, and an abundance of low- and no-downpayment mortgages.The 80/10/10 piggyback loan has been in high demand of late, and buyers are finding the Fannie Mae HomeReady™ home loan to be a worthwhile alternative to FHA lending.The math for "Should I rent or should I buy?"

@Jeff Hurley I highly recommend listening to the BP podcasts -- they provide an abundance of information and each episode concludes with book recommendations.

@Ugin Rapoport Hey man, hotel condos are a tricky thing (i wouldn't recommend it the people caking are the owners of the whole project and one of there easiest incentives is offering financing themselves to you)So usually due to there desirable locations they are wayyy over priced....on top of that the HOA fees become very heavy if you are not able to rent it out and are subject to rising if the hotel adds amenities or anything of that such and of course not living there (gotta account for vacancy), Secondly the hotel is usually almost ALWAYS selling units (the ones that i've seen in miami and orlando) so when you eventually want to sell you end up competing with them and most likely wont win because customers looking for that type of property aren't in abundance (the fees push most ppl) If you are looking for perhaps at minimal result with next to nothing effort of results of around 2% annually then maybe its alright but other then that....i totally would not encourage (Just my opinion so dont hate me for it lol)

We are reaching out to him to explore just what you mention - retaining the exterior facade and incorporating enough to the interior - particularly the trompe l'oeil - to pay respect to the history of the building.Senior living is an avenue we are exploring, but might be cost prohibitive if an elevator need be incorporated.We dismissed B&B - the property would be fitting, but they are in abundance already and some of the older, more established ones are struggling these days.If it wasn't for the fact we have real winters here and 6500 ft^2 of this age costs ~10-12K to heat - we could experiment with less risk.The purchasing of this property will undoubtedly be the least costly aspect of a deal.

Though flipping deals are not as abundant as they were a couple of years ago, there is still plenty of opportunity to flip here in SD.  

I am not saying I don't appreciate the lifestyle I have now because it is enough to support my current lifestyle however, I would like to experience a more abundant lifestyle and I know that with my desire and passion for my goals I will find a way.