@Dan Geffen moved down there and knows the area well if you want to connect with a local investor.

There’s huge retal income potential if you nail that balance between improvements that wow tenants and improvements that merely look fancy but don’t justify higher rents.I’d also keep an eye on how your high end plan fits the local demand.

Would definitely check local zoning / code enforcement laws as well.  

I'm a construction management consultant (so similar to engineering) and investor/agent in the Boston area so I get the need to want/need to stay local.

With all the negative comments and concerns over the houses not being completed per the contract dates, perhaps all the investors should speak to a local real estate attorney and see if they can get their money back or other concessions. 

I am going to see if I can switch to a local Wisconsin insurance that reflects our local risk level in their premiums.Many of the homes in the Pacific Palisades are 3-5 million, but when you look on Google Street View, most are very modest homes from the 1960s (there are some $20m ultra luxury mansions too), so a lot is the land value, the home replacement value on a 1600sqft may be what - 500k at the most?

I am very involved in our local real estate investor association and agree that in this central Florida market there are an over saturation of STRs as well.

I’d love to connect with local investors and agents and, further down the line, with contractors when we’re ready to take the next steps.Looking forward to connecting and learning from everyone here!

Depending on your state, many have local lenders that will go up to 100% LTV. 

Need more information about local comps, the condition, and state of the market.