I have tried both, I think it depends on the market you are targeting and the type of leads.

thanks for the guidance @Kaushik Sarkar Since it's development it will take longer to get to the exit. 3 years could be right depending on the market, if the project requires entitlements, how long it takes for permits, no major utility obstacles, etc.

I was thinking maybe Houston because my boyfriend lives there and I’m there a good portion of the year as is, but I’m open to any good market.

Are you looking to invest in the Joliet market?

Exactly if its a hot deal cash just means you beat out the next guy who needs financing does not mean deep discount .. at least in markets were RE is sought after.

Hi Max, a good rule of thumb is to start with your target market/ideal guest.

What kind of market are you on?

@Caryn Fischer You can sell your house to your child below fair market value (FMV), but the difference is treated as a gift.

Plus financing in another market.  

Basically, two choices on the market:1) All-in-one units, typically used in apartments2) Separate units that are stackable - usually higher quality than #1