That cost is for 17-18 piers - this was consistent between the 4 contractors we got bids form and we are waiting on a response from the engineer about how many he feels are necessary.  

Definitely focusing on offmarket or even on market multifamily homes (minimum 4 units). started off in real estate development last 2 years but the paydays are brutal building then waiting to sell.So now looking to switch up strategies to purchase cashflowing properties and then get back to ground up construction or even possible fix and flips. 

One thing I didn't see mentioned was what the value of the place is?

As Peter and Jonathan mentioned relying on similar comps and/or local agent knowledge is the key here.

I noticed some of the reviewers mentioned how the area is up and coming so if the area is questionable that might be contributing to this.

They mentioned they didn’t need any income.

With our vision mentioned above, we're allocating a whopping $3M into the complete renovation, re-brand and makeover of the hotel.THE INVESTOR: For those of you who don't know me, I'm Blake Dailey and this is my 6th Boutique Hotel investment!

I think you're probably best leaving your IRA alone for all the reasons folks mentioned.

Why do you have to wait 2 years to rent your property?

Can you email me with some investment products you were mentioning above?