Highly recommend you DM @Samuel Eddinger and buy him lunch to pick his brain!

Sellers generally recognize that some assets are likely mispriced, whether too high or too low, because the sellers knows less than local investors and are likely relying in large part on BPOs.   

- Highly recommend REQUIRING tenants to get Renters Insurance and adding you, as the landlord, as additionally insured.

The issue is our land value is high, so the structure value is low compared to the overall property cost. 

The monthly cost is high, but we currently are cashflow positive about $1,200 a month.

Here is one piece of advice When looking at areas to invest in check out this website https://www.areavibes.com/ its pretty cool it gives you a total livability score and rating for that areaBest of luck!

Hey Christopher,Regarding utilities, if they are not on separate meters, I highly encourage implementing RUBS for w/s/t.

I have used the same contractor for a few projects, so I'm getting a break on my price but 140k, seems to me, very much on the high side.

The high HOA fee is already a factor, so ensure you’re comfortable with the overall carrying costs.Focus on the Land Value: Since the lot has development potential, you’re looking at this as a long-term investment.

I looked at their booking calendar one time and thought it was pretty empty.I guess you don't know until you try...and probably depends on if you want high occupancy or high rate?