I believe a large portion of the users on here owe at least a small portion, if not a large portion, of their success to this community.  

Later I was able to buy the vacant lot between for a grand total of about 2.4 acres.All the houses are in bad shape.

With a purchase price of $740,000 and construction budget of about $1.3 million, a future appraisal estimates its value at $3.75 million.

What made you interested in investing in this type of deal?

if they are pressuring you like this.PLEASE watch the American Greed Episode on Remmington Financial  .not saying these guys wont or don't fund of course.. but when I do my deals with my banks its common that I pay for the phase one and the appraiser directly..  

Whether you want an Airbnb in a vacation spot you can use or a standard single-family home in an appreciating area, there are many options.

For almost $100k a lot you want a pretty high NOI to make sense of it, like over $300k IMO I agree.

The Tenant Class greatly impacts rental income stability and property maintenance/damage by tenants.Both Property Classand Tenant Class affect what type of contractors, handymen and property management companies will work on a property.If you buy & renovate a property in Class D area to Class A standards, what Tenant Class will rent it?

As a property owner, I get a lot of these calls.

I would be happy to forward you the contacts of these folks so you can reach out, as well as a referral for a short term rental consultant who may have some insight.