I literally would lose my mind if this a "operating" property with tenants and other variables.

It is a long term goal of mine to operate in a Northeast/ Mountain market at some point once I establish my brand more in Texas.

Also because of my passion, and also because flips are really hard to find nowadays that have a good margin of more than 10% profit from the selling price.I started to do some digging in the main market that I am operating at right now and found a nice option that I liked:Find an old house in a good area in the city metro, demolish and build a new one on top of it a medium to high-end home.Why?

The “worst” appraisals I’ve seen (on a consistent basis) as to over valuation are on non operational health care facilities.  

We already operate an Airbnb on our property in NY.Any recommendations? 

Reasons: - Some of those owners could have ownec in that area before global warming was even a thought- virtually every area is being affected by climate change or has risks related to Mother Nature.- because the USA has contributed more to global warming than any country and has prospered from it. - some otherwise smart people do not believe humans are contributing to global warming.  

If you're hoping to be a co-GP and learn to both operate and raise capital then I think investing money in a good education system is probably money well spent.  

Therefore, the property as a PadSplit is not operating or conforming to highest and best use as an SFR, which is why lenders are currently having trouble financing PadSplits sadly :(

The truth is, if the owner did increase the rents and was operating the property to market conditions, and at the most optimal level, they likely wouldn't be selling the property.

However, this method often fails because it doesn't account for operating costs.