And, with Trump we know that policy is lower taxes and a more favorable climate for business.

We’re likely in an environment of higher for longer interest rates so just be cautious of anyone saying they’re waiting for more favorable capital markets in the next 12 months.

If they don't approve the project, all the time and money spent chasing it yields no return.3) Market Risk: The market can change during the entitlement process, which can also work in your favor like it did for many Developers in 2021.That's why knowing your municipality, understanding their processes, and making wise decisions in selecting which projects to pursue are crucial.Success in development requires choosing the right projects that 1) meet your criteria and 2) have a promising path to approval.The good thing is that this risk is compensated by having a higher return.

This allows you to pivot when you can get a more favorable situation.Renting:Pros: Flexibility, less upfront cost, maintenance covered by landlord.Cons: Limited equity building, rising rents can strain affordability.Buying:Pros: Potential for long-term wealth building through equity and appreciation.

The economics simply do not favor the investor.  

Keep in mind, though, that this approach comes with higher down payment requirements and interest rates, which may not be as favorable

In fact, when it comes to contracts, if there is vagueness the contract is to be interpreted in favor of the party that DID NOT write the document.

Nice try, but no cigar.3rd warning: only paid stays count, and only full-price stays, not discounted favors for friends and family.

While it's true that many investors are drawn to the Midwest for favorable cap rates and the 1% rule, Las Vegas still holds potential, especially for short-term rentals like Airbnb due to its high tourism volume.

That creates a really nice price / rent ratio which is favorable for investors looking for cash flow.