I urge everyone on BiggerPockets to take note of this scam and fraud Andrew Lanoie.

My question is do I go forward with purchasing the property and deal with the higher insurance and potential hazard or is it smarter to walk away?

Purchase price: $530,000 Cash invested: $100,000 My journey into short-term rentals began after years of investing in long-term properties, but it was a podcast that opened my eyes to the incredible potential returns of STRs.

As an out of state investor, I would love to connect and potentially have a property manager in my team that experience in Section 8 rental. 

In Collin County, consider properties with strong appreciation potential in areas like Plano or Frisco.

Split the $20 to buy yourself lunch and dinnerIf you are on the road, daily per-diem should cover a lot of your day to date living costs.If they send you on the road, you can potentially airbnb your house.Best of luck!

From there we identify properties that could have some potential and if you are interesting in diving deeper, 1) we do a thorough video walkthrough to give you a realistic look of the property, 2) we give a ballpark estimate of rehab costs (we do 40 a year with our GCs o we will get pretty close), 3) we talk through market rent with our property management team, ARV, and potential highest and best use.Ideally you find great investor agents who know their market really well and have a network of resources to provide you with enough confidence to take reasonable action. 

This place is zoned for "Independent Living (Seniors)" and has great potential to be turned into an Assisted Living or Senior Housing Facility, with that being its most recent use (prior to full rehab).

We are being conscious of property tax on a vacant piece of land (our potential liability) as well as the potential capital gains taxes (their potential liability). 

But with more it could probably be apraised for 500k ARV or more.Also the house has a lot of rental income potential aswell.