As for the land, with some looking around and a possible off market deal, with time I’m confident I could find an R2 lot for relatively cheap compared to the build.

I am confident in that market.I am okay with the challenge of it being harder to manage a few different units at the same time - and I would be on-site at least for a year.Investigating the market is simply a time and money aspect.

That is not trueAlso How confident are you it’s a good deal?

All other metrics equal- I have much more confidence in a +$1,000/month cash flow projection (or even a relative metric like +10%/year) on a $750,000 house than I do with a $300,000 condo.

This shows that almost half of buyers still prefer the confidence and speed that cash offers bring to the table.Median Sale Price: Here’s some uplifting news—median sale prices climbed by 5.60%, reaching $659,999.

Hello,How do you build the self-confidence to approach a property owner about buying their property?

So, here goes my advice:[Since you already have confidence in the sponsor and know their work, you have made the due diligence easier.]

@Taz Zettergren to be honest, I too like the Little Rock suburbs more than the B-ham area.I have been more active though in Bham because I really found a great team of agent/PM/Lender in that area and I feel confident in their ability to get me a good deal.Unfortunately, I cannot seem to find an agent/broker in the LR area that gives me that same vibe. 

I am confident that one or two will stand out in meeting your particular needs or will feel very comfortable to you.

- Is the property in a location you're confident in?