This is a real estate investment forum, so you won’t find many/any people on this site who deploy that strategy.

Even if you believe you can stomach the monthly payments, paying $20K a year to carry a piece of land based on the information you shared is not recommended.

Whether it's gathering around the tree, sharing laughter over a meal, or watching the magic in your loved ones’ eyes, there’s nothing like the comfort of being home for the holidays.Merry Christmas from my family to yours!

Thanks for sharing this—it’s incredibly motivating!

I was a JTAC for 21 years, retired in 2008.Since you don't tell us where you currently are in your education/journey, I'll share some beginner advice.1.

These are all areas where home prices tend to be more volatile than other parts of the country.This is likely due to their relatively high loan-to-value ratios, and larger share of the market that is dominated by home flippers.

I appreciate you sharing your experience with those makes!

Also, for your shared laundry situation, I recommend PayRange.

Appreciate anyone willing to share. 

Thank you so much for taking the time to respond and share your insights River!