If the STR market does better than your low expectation, you'll be elated.The supply of STRs has rapidly increased in 2021 & 2022 because of the perception of easy money.

Plus, if a unit is vacant, you lose part of your potential income, which might be more impactful compared to having multiple units in a larger property.Market Limitations: Depending on the Lubbock market, there might be a limited number of duplexes available, which can restrict your options or inflate prices due to high demand.Resale Market: Duplexes might not appreciate as rapidly as single-family homes, depending on the area and market trends.Hope that gets you started, shoot any questions you have my way!

These transactions can usually close rapidly, post receipt of title and an appraisal in 10-14 days.

Trying to get a mental sale in my head with this property I have linked to see what it would be like. 

In an era marked by rapid changes in the commercial real estate (CRE) market, investors and property managers are increasingly seeking ways to future-proof their investments.

I would connect with Amelia McGee of WIIRE who has multiple MTRs in the Cedar Rapids, Iowa area and can give advice based on the similar market.

Would love to hear from @Dawn Anastasi who I believe manages some C properties.In Kansas City, I have seen C properties yielding 25-35% in certain cases, and B properties producing closer to 12% would people take that extra 20ish% pro forma returns for the head aches?

You could have a property purchased and renovated by then or even a small condo/townhome to get a head start providing the HOA was reasonable.

.)* Say sorry, lose the deal / get* Fix it, write it off, and stop paying the holding costs* Negotiate to fix their most critical issues~~~Random Thoughts From a buyer's perspective-- as people above mentioned, newer buyers tend to want a flip property that's PERFECT and have a hard time wrapping their head around blowing through savings and then ALSO having to fix it further... 

Given the potential for high returns, customizable involvement levels, and significant tax benefits, I believe this is a great investment opportunity, particularly in markets experiencing rapid growth.I've been keeping an eye on developments in Georgia, where builders are struggling to meet the surging demand driven by population increases in certain areas.