Meeting with Builder Banc later today and demanding my money back.

I would chose a good market in the midwest that meets your criteria for cashflow and appreciation with $100k barrier of entry.

There are three safe harbors that businesses may use to meet the test.Half of the amount the business spent on services were for services performed in a QOZ.Necessary business functions and necessary tangible property was located in a QOZ.Half of the hours of service received by the business were performed in a QOZ.A business does not need to meet all three safe harbors to qualify.

With this property you must leave $50K in the property in order to meet lender debt coverage requirements.

Also it meets the 50% rule. 30 year mortgage at 7% is a payment of approx 323. 925 rent - 462 (operating expenses)= 462; 462 - 323 (debt service)= 139 cashflow.

Tax saving might change you ROI so focus on meeting those rules if you are going to close on it.Kissimmee’s competitive STR market requires strategic theming and marketing to stand out, but its proximity to Orlando attractions and future developments like Epic Universe could drive demand.This post does not create a CPA-Client relationship.

The HOA should have an annual meeting and send notices.

They put everything in context when you meet others looking to do the same thing or who did it for the first time last year.

I have to take this listing down and put $17,000 into to make it meet arv.

@Annie Schrock thanks for the comment, definitely having the right contractor, always meeting your deadlines and doing full due diligence can make or break a deal!