@Brad Penley, you could sell that property, buy 2-3 condos in along coastal SD, rent them out on AirBnB, double to triple the net cash flow, and continue to enjoy SD’s phenomenal appreciation.I would never shop my money OOS, you live in one of the best appreciation markets in the country.

Now its the most popular area in Indy, values have tripled at least and my wife and I have 240+ units under management around the area.  

The quotes I am getting are double, triple, quadruple, and even ten times what the average ranges are, even when referencing J Scott's book "The Book On Estimating Rehab Costs." 

Take your budget and triple it/take the timeline and double it-or maybe it's the other way around....or both ways around!

Take your budget and triple it/take the timeline and double it-or maybe it's the other way around....or both ways around!

Also important in IL to look at what the property's current assessed value is bc in IL the sale price could result in a double or triple of property taxes...

If your expenses are accurate (double & triple check) this means the property should cash flow such that you can hold onto it for the longterm (this is good!).

If you do make a mistake, the tenant can sue you under MGL Chapter 93A and win up to triple damages.This link should help: https://www.mass.gov/info-details/massachusetts-la...

Many landlords no longer bother with a security deposit and ANY violation is triple damages

This deal would give them the capacity to immediately more than double, with the ability to develop the land and more than triple their capabilities.