Maybe we can pass that off for $245k from the current $250k ;)Too good of a client to ever give up by choice - they are just good people and model clients, which on any engagement is a rarity, never mind such a large one.  

FYI - I checked with my insurers about increasing the coverage values, and I was told by the agent that is the value their construction cost algorithm shows and, while my choice, I would overinsure by paying for more coverage.On the surface, it's great insurance - more coverage for less premium.

Overall, it seems like a solid choice for those looking to invest out of state.

my scenario was a little different I would buy 20 to 80 acre parcels in Oregon and WA.. then log them .. using the skids roads and log landings strategically ( put them were future driveways and house pads would go). then do short plats  4 lots or less.. then sell the lots on contract.. the logs generally paid for the land so we had no debt on the land .. most land buyers took a few years to get to the point they were ready for construction loans..

I am inquiring on their default amount with the bank, if the balance is alarming, my choice is to withdraw from the transaction.

I personally feel off market is not usually a good choice for a newbie. - avoiding lower class is important but even more so OOS.  

If you are looking out of state and can't find what you are needing in your first choice.

Your approach to real estate investing is both strategic and pragmatic.

Would your design choices change based on the number of guests you’re hosting?

@Tom Dieringer I would use two levers to make a decision for the choices you mentioned.