The 4th property was a beautiful .5 acre wooded lot in a sought after school district!

The site is beautiful and resourceful ...

We are in a beautiful rural area. 5+ year plan to stay here.

Some markets may not cash flow that well and I get that but to say that it's okay to be in the red for multiple years because you have underwritten the market and know values will go up sounds crazy to me.I have only done a few deals to this point so maybe I am missing something but I would love to hear your thoughts on heavily weighing appreciation as the decision to move forward with a deal even when negative cash flows are the most likely short-term situation. 

That being said, a lot of my guests also were visiting to go to the mountains (or Red Rocks Amphitheater for a show), so it isn't all about downtown, but Adams/Centennial would add another 15 minutes on a drive to the mountains. 

And for a seasoned developer to insist on cutting out the GC would be a red flag. 

NonQM loans aren't as regimented as conventional/govt, but the investors are much less likely to budge when there are red flags, such as a significant difference between two appraisals.

Hi @Tara MontgomeryI recently gave a similar answer to a similar question.The beauty of creative real estate deals is you can craft an offer to solve the seller's problems.

I don't know much about this, but it is my understanding the City of Jacksonville puts up a lot of red tape and there are a lot of hoops to go through. 

My feeling is, if I wanted a house that backed to a park that is what I bought, and if other people wanted a house on a road, they should buy one and not destroy the neighborhood to put in yet another “luxury” cookie cutter house.I feel the same way about homes that are perfectly wonderful and function beautifully with separate rooms that have tons of character.