Thanks.One thing I would add in is, use the same agent to buy your properties if you buy a market property so they get some commission on the front end too.

You can set up any LTV or max % of ARV that they are willing to put in. I

The issue I am having is that the property itself is 1448sf but the land it sits in is 21,200sf.

I'm new and looking for my first out of state city to invest in. I

@Van Blackman  Thank you so much for weighing in. I

What can I do to deter them from coming in? I

That has become our main strategy that we use and like @Jason Dillard shared, it is more lucrative and less hassle to manage.The way we use this model is we buy properties under market value that are below the median home price for our area and then we fix them up where our all in is 75% of the ARV and then we put them on the market for 5-7% above current market value on a 4-year option.The key to using this model is the contracts that are used.  

If anything, experiencing these hardships has put me in the best state of mind that I’ve ever been in. I

Just wanted to hear what other people do during hot market cycles like the one we are currently in. I

I knew it was time to take my goals to the next level and felt BiggerPockets was the ideal community to begin learning from and participating in. I