That is not to say there are not plays that do not require a crystal ball close to home there are and they have worked exceptionally well in areas that were once not so great on both your coast and mine but I don't think those are sure things esp. not anymore now that many prices anticipate at least a bit of gentrification.

That said, what didn't pencil was the over-valued land price, the cost of running electric and water hookups for each of the houses over 40 acres, land-clearing and excavation, and the amount we anticipated people would be willing to pay per night extra for glorified camping.  

Where they make 3x (5x combined) I don't anticipate that ability to pay rent would be an issue.Good luck!

Id say ppl in your neck of the woods are listing in anticipation of an interest rate increase.

There is going to be a very very sharp learning curve that will end up costing more time and money than you anticipate (most likely) If your partner believes in you as a person rather than just the deal they will navigate those difficulties with you. 

Are your repairs more frequent and more expensive than you have anticipated?

I am always looking for subtle signs of distress, thinking of new and better uses or property, learning regional growth trends and trying to anticipate markets.For this property, I easily noticed that it was out of place- not being developed in a highly desirable and economically vibrant area.   

I am sorry that you did not get a call when your statement was later than you anticipated....  

.- Conservative numbers, I'm anticipating clearing the $20K in about 24 to 30 months...not including any appreciation/principle buy down...just net cash. 

Although I anticipate approaching family first, I want to get an idea of what paperwork I would need to pursue such a loan so that I come across as prepared as possible.