Without that it will be a tough task to accomplish unless you work out some custom structure or bring the GC on the loan with you so you can leverage their direct experience.

People forget to read the PPM where it says about 10x you can lose all your money.47 units is very tough to manage. 

Tough fighting city hall. 

Let me share a recent experience from the fall of 2023 that proves this point.We had an off-market single-family property under contract in Massachusetts.

This year, I had a tough time finding property insurance for my only short-term rental (STR).

Tenanted properties are extremely challenging to sell and the recent change in notice period has made that worse in BC.You are in a tough spot either way, only you know your financial situation and your numbers.

While BRRRR sounds great, I think right now for the most part in the DFW area it is pretty tough. 

@Rich Solano Need to lock those up at deeper discounts shoot for 30% minimum remember market values are still inflated in many cases, if you only buy with a 10% discount and we get a strong market correction you'll be in a tough spot.

There are so many short term places today that competition is tough, so adding something no other property has, being creative in design, something like that to stand out, people want a unique stay, and with a fixer-upper, you can do whatever you want!

so much private land has been logged and replanted since then.. in those days we would buy a 40 lets say for 150k  take 200k of timber off of it then sell the land on contract for same price then hypothicate the note to pull out more cash rinse repeat.. we also would use our logging roads and staging areas stratigically so when we left the roads were in the right place to do a 4 way lot split and the landings/stagging areas became the building pads.. in the NW permits for logging are not tough.. in those days it was over the counter and there was nothing you needed to do with regard to excavation.. however if I just bought the land and wanted to put in roads and pads then I would have had to get a grading permit and all the survey and engineering that went with it.. its was really something how we did that.. and I miss it to this day.. the other item that made it so profitable was Japan was paying premium for Export quality doug fir logs.. you could get double or more for export logs.