You could also buy from an existing landlord that has a section 8 tenant.

This could work well if you’re looking for steady monthly returns and don’t mind managing tenants (or hiring a property manager).Selling could also make sense if you’d rather use the $500,000 to diversify into other investments, like buying multiple properties or even a short-term rental on the lake as you mentioned.

The biggest opportunity in Austin, Texas is buying significantly under market value.

I am more inclined to buy new kitchen appliances because of #4, but would not have an issue using nice looking used kitchen appliances.

It'll take some time but I see Anthem and all around the plant growing significantly over the coming years, small multifam and sfh's may be a good buy up around there.

Please see the rough numbers below :Tear down house price 350k,Construction cost 165 sqft * 2 build=627k too much for the land unless your exit is 3 million. don't reinvent the wheel. no single family home builder is paying 300k for land. that's miami florida prices where I live. we buy land 50k and under in Columbus Ohio. keep land at less than 10% of after built value.

To buy or not in Portland!!!!  

Did you all buy your lots from them?

I am going to buy an apartment in Bali which is in a construction right now and the price is a presale price.

Until you have $1 million or more in equity and really understand how to use an LLC, I recommend you just buy an umbrella insurance policy for $1 million.