If you end up having a vacancy with no cash flow, it hurts much more than when you are able to offset with cashflow from your other properties.I would recommend seeing if you are able to diversify a bit with some local or out of state properties that do cashflow some, even after Property Management, that way you could start to support these homes.

It’s like giving the home a sense of place..a nod to local design traditions while still making it feel fresh.

Anybody have any experience with a heaving foundation in the center of a pier and beam house?   

Morris is in damage control on social media so he knows your project is front and center so squeaky wheel..  

I'm looking to pickup some multifamily real estate but the barrier to entry is crazy in my local market.

Residential subdivisions, while potentially less complex, can be hit-or-miss depending on local housing trends and the cost of infrastructure development. 

Would real estate prices in certain regions rise rapidly due to demand from both local and international buyers? 

The best place for true private money is usually in your local meet-ups!

Next piece of advice is shop this deal around with someone through the forums or local real estate groups (google for your area). 

I spoke to the local fire chief.