Areas with new businesses or developing infrastructure often show good potential for flips.Next, building a solid local network is key.

After a bit more research, I actually think renting a place will get me started faster and earn some experience doing Airbnb with a little less risk involved.Obviously I still need to be concerned about not violating a lease agreement by doing so and I would likely live on the property and lot or all the time.Ownership is still the ultimate goal, but this looks a faster party to self driven income.

If your tenants have an enjoyable experience with you, as opposed to hating you, you will go far if you are self-managing.

So, we self-manage.

More like  2X to 5X the cash out.. these are done with builder developers on their deals So put out 300k get 300k back in profit plus the interest rate. most small builders/ developers need to have a equity partner so you just do both you lend the money and are the equity partner.. pretty clean..

These are self managed through my small STR management company.

This email gives people yet another opportunity to self-select out of the application process based on my expectations and criteria before an actual showing in scheduled. 

The alternative is to set up a self-directed IRA, or better, a truly self-directed Solo 401k plan, invest in alternative assets, and then do the conversion.

(FYI - this was an SB9 "two unit development, not an SB9 lot split). 

I have a close associate with a large project there and the local banks have turned off the spick-et on funding his developments and these are very large multi thousand acre deals.