I still have enough room with my VA entitlement for a buy and hold in a couple of years, so I'd rather save it for later!

Not if you buy 10 at just the right time to hit their sales target.

Buying now means investing in a market that appreciates at a steady, reliable pace.

I purchased my first buy and hold SF rental property last year and turned the property into a student rental as it was very close to a local College.

Investment Info:Large multi-family (5+ units) buy & hold investment in Tuppers Plains.

Buy not many people can do this and it requires very good book keeping.

Buy that if want, it's probably closer to the 3-5s.  

You are still exiting with a refinance and thus the terms wouldn't change on the exit whether you are buying in cash and then refinancing versus doing a construction loan and then refinancing.

And the locals in Highlands have been fiercely debating STR's and regulations for the last few years, so I wouldn't be comfortable buying there.

Did you all buy your lots from them?