That is why land development as an example for multi-family carries extreme risk.

I can only assume that it is because the situation was so clear cut that they were a REP (IE full time development), the audits were focused around other issues.

@Sanjeev Advani you forgot the most important thing - written and well-developed processes.

Maybe you are better off renting for now while focusing on increasing earnings, saving, and developing a plan.

My personal soapbox statement - Airbnb is an abusive spouse that slowly people are waking up to realize they are in a controling abusive relationship and they start to develop an escape plan (more platforms/direct website) so they are no longer relying on Airbnb.

As you build up equity or cash you can start to grow into mobile home parks, SFH, fix flip, MFH, land development,’etc.  

Potential outcomes include develop and hold/rent, lease to developer, and joint venture.

I have a very diverse skill set - most importantly, good professional communication, process development, an financial literacy.

Their occupancy was limited to mostly weekends, but I think I can develop that more and recoup a lot of unused days.

Hi all, Im Andy. The advantage of my "day" job is i have a lot of spare time sitting around hotels with little to nothing to do. I've been in the construction industry since i was a teenager and thats a long time ago....