If things work out with this 2nd company, and I have one operating rental in place of two empty lots in North Port, I'll be happy(ish). ya I built 3 up in the Ocala area took way longer but they got done and we did make a very small profit on them but I count that as being very fortunate.

And hey, if it doesn’t work out, maybe I’ll owe you a coffee next time you’re passing through Omaha.

Has anyone ever had that work out on here?

Hopefully it will work out to make it down there at some point. 

I am not a big fan of these properties simply because I have been on so many calls over the years with investors that bought this type of stuff and it didn't work out.

What if you pick the wrong project, or the wrong sponsor, or the economy changes, or the business plan doesn't work out. 

I'd have to offer 20 to 30 percent under asking for most of the properties to work out for me.

Does seem fairly reasonable 🤔 went high on the Reno estimate and maintenance costs ect and low on the rental amounts.. so hopefully it will work out better.. 

Just based on my personal experiences in the industry for many years sometimes we ALL have to do work outs..

With enough properties, the savings could justify quarterly visits for inspections and lump-sum repairs.Best of luck and I really hope things work out for you.