I am a long-term investor with a buy and hold property in Brooklyn, NY and I also own multiple lands in Florida and Mississippi.

You can get a much better return on your investment elsewhere and with $500k you can buy 3 homes or a 4 unit.  

In answer to your question- Yes, I hope to buy and hold here and flip when possible.

Some 'ting fishy and smell of foul odor.ARV of $375,000 and buying for $103,000?

What else would you do with the cash if not buying another investment property?

It will be even harder as a young person with no life experience, and particularly no experience buying real estate. 

I originally wanted to buy into a vacation rental market but this last year has been crazy and we seemed to have been priced out.  

Please see the rough numbers below :Tear down house price 350k,Construction cost 165 sqft * 2 build=627k too much for the land unless your exit is 3 million. don't reinvent the wheel. no single family home builder is paying 300k for land. that's miami florida prices where I live. we buy land 50k and under in Columbus Ohio. keep land at less than 10% of after built value.

So, many people choose to operate in their own personal name but buy an additional umbrella policy to protect themselves from liability.

I wonder if this would eventually make CNBC's American Greed?