We typically have a specific criteria of contingencies we are putting into place within the purchase and sales agreement to help protect our investor clients from many of the issues that arise when inherenting tenants.

Direct message me if you need anymore advice would be happy to help!

If you are not from this area, you should know it is even harder to rent a place when it is the holidays and it is cold and snowy outside, and the bad weather we had the first week of January hasn't helped you.I'd have a discussion about what it would take to rent your place.  

My two year at the time old grab the edge to help stand up from the seated position on the floor and the glass stop slid off and almost caused severe harm. 

I helped an investor get into a 3 bed 2 bath , 3 bed 2 bath duplex for 105k - each side is leased for 1250.  

Keeping thorough records helped save the negotiations. 

The purchase to cash flow ratio is much higher than majority of the states in the US but again not the only states.If you need any help or want to talk more REI feel free to reach out I have done a ton of business in both states and can walk you through pretty much anything.

I also created imputed equity through the entitlement process that helped me achieve an 88% LTC loan through a bank + invested 20% of the total equity as the GP  and 25% of the LP equity.

I'd recommend looking at costs. your build cost is going to be well over other homes because of the fixed costs like slab, Hvac, roof, etc. check the market drivers and weight the benefits of short term versus long term. long term is no furniture and help pays mortgage but at this size it doesn't really cover everything. we didn't find a lot of economies of scale in single family detached. can you build more than one unit?

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