Nobody likes to work hard in the heat.The biggest concern in the past has been winter, but 2024 was the warmest year on record and we have seen +3F on average in every season, which really took the edge of winter (you can call it brown grass season now) while summers are pleasant 75-85F.The cost of living is low, yet the quality of live is relatively high.

Hard money lenders have a good amount of flex when it comes to FICO score and typically the main issue that borrowers with low FICO's have is that their max loan size gets cut which doesn't seem to be an issue here.

Look for ways to increase profits but without cutting corners.

But during the buyer’s due diligence, several unexpected issues surfaced, each cutting deeper into the profit I had worked years to earn.The first issue was with the water lines.

I believe that the Federal Reserve is going to cut rates by 25-50 bps at it's September meeting (no emergency cut), but that 30-year fixed rate mortgage rates will rise to upper 6s low 7s around the same time, and Commercial borrowing rates, including for multifamily, will increase as well. 

We have our own design team, contractors, and real estate agency under one roof, which saves time, cuts costs, and improves communication across projects.

IF, they are supposed to cut the power when there’s a fire then they have to buy a bunch of Tesla’s mega pack batteries to power the water pumps.

Often, owners beat up PMCs for a low price, but fail to understand the PMC will often cut corners to make sure they are still profitable. 

That’s a solid strategy—sticking to areas you're familiar with definitely gives you an edge.

I was hoping the rate cuts in the last 12 months would have had more of an impact on mortgage rates.