At the end of the day, everyones ultimate goal is to become the bank and simply lend out a pile of money and collect a return rather than having to do the grunt work of making these assets perform.

If a broker/agent ultimately takes on relationships that suck the life and energy out of them and do not make them happy then long term it is not good for their well being or career. 

Unfortunately there is no magic template that works everywhere and we often let the market drive choices as that is what will put $$ back in our pocket.

Being in a price point that typically caters to moderate earners, so affordable to their incomes, but also having a tenant base that is more likely a renter by necessity than choice (or the non-PC way of saying it: a tenant that can afford your rent without struggling, but can't afford to save up to buy a house).3.

do NOT take a long PPP right now unless you have no choice. will be VERY expensive in the future when you are stuck in a higher then market rate. 

Ive never had a guest before or since successfully book without payment fully clearing their financial method of choice. 

Ultimately, if the buyer defaults and backs out of the deal, you would be entitled to the earnest money.

If I had a choice I would definitely pick the new construction.

Richmond, VA is a great choice for real estate investors due to its diverse economy, affordable property prices, and rental demand from universities and young professionals.

If you fit this category or the "tier 2" category ($500k-$650k), feel free to DM me and we can see if it'd be a good fit to work together and discuss the process.As a sneak peak, as I don't post or share numbers with non-signed clients, we tend to see 10-25% CoC returns depending on YOU: what you do or do not contribute and the finished product you choose to make ultimately.