I'd be lying if I said I wasn't trying to think of other, potentially more lucrative and less risky ways of doing something similar though.I guess I've always known that part of the benefit of real estate was time arbitrage, but this is making me see it more clearly and in an entirely new way.

Can't lie...

Your tenant telling you the boyfriend did it might be lying.

Promissory loan notes are “secured” by Norada Capital Management where, in our taped call, is a $120 million-dollar public company with $70 million in owed loan notes to investors and $50 million in “equity” which is all a lie. d

But, that aside, I’d like to initiate a discussion of where note investors feel the opportunities will lie moving forward.I’ll go first.  

NOT A SINGLE state has a water delivery system to combat fires and condition's of this magnitudeStop listening to all the blatant misinformation being dumped in SM and certain "news" stations....99% of it is complete BS and been disproven, but the lies just keep spreading as "fact"Give me a  F'in break....... now all the RE experts are fire management experts"CA ran out of water...... do you have ANY clue what kind of water delivery system would be needed to handle multiple wild fires of this magnitude?...."

Where in NC does your passion lie? 

If ANY contractor says they can get you all 3, they are lying.

I assured them that I "had" to live there for at least a year but didn't know where life would take me after that as I only planned on living there for the minimum term and didn't want to lie, and then thankfully one of my connections on the board, changed the conversation.On a commercial development rezoning we had, we had to deal with racist commentary and questions about the type of person that apartments would bring to the area.

You don't get to keep that income tax free...If you have to lie and cheat to get the property to work for you, I would just pass on it...you're starting off on a bad foot and will just lose the money you save later...And like @Jonathan Greene said - how did they get a COO without a permit?