It's completely renovated top to bottom and has roughly $200K in the renovation.

Here are some steps to get started:Market Research: Identify areas with strong growth potential, low vacancy rates, and high rental demand.Financial Analysis: Evaluate the cost of construction, potential returns, and your financing options.Legal Considerations: Understand the zoning laws, building codes, and permits required for new construction in your chosen area.Sustainability: Consider incorporating green building practices to increase the property's appeal and long-term value.The Bottom LineWarren Buffett's investment in new construction underscores a broader trend in seeking alternative avenues for growth and diversification.

I've spent the last week or so trying to get the answer, but I can't get to the bottom of it. 

Cody,There was a time when portfolio loans were definitely the way to go, specifically when rates were at rock bottom and you could bundle as many of them at that rate as possible.

Bottom line Garanco tic's the 3 Cs for me personally over the last 6 years or so of our business/funding relationship..  

Dan, before I got to the bottom of your list, I’m IMMEDIATELY thought of tax liens/deeds and land which I’m happy to see they’re on your list.

Bottom line, you have to be in control in this business.

There are other forms of winterizing like insulating plumbing, sealing door/windows with rubber gaskets, installing storm windows/doors, setting up heat lamps or other supplemental forms of heat in basements, etc.

I am 15 minutes from Disney, with normal traffic, and have a nice place with full 5 star ratings and we're just battling the bottom feeders here all day long. 

After ten years compounding at 5% that amount would be worth $1,348,602, which would really be $1,256,344 after accounting for LTCG @ 15% (1,348,602-733,500 * .15).Final amount for condo conversion: $1,256,344Pros: After money is reinvested, passive incomeCons: Taxed twice, once on sale, once when investments are sold, no real control over money once investedScenario 2: 10 year holdI pasted my numbers at the bottom of this post so it's easier to see, but my thought process was as follows:1) Calculate value based on reasonable appreciation trends, plus cash flow.