Investing in Real Estate is always a gamble and it's best to limit your risk by renting where you live instead of taking on too much risk too soon.

Hi All,So I have already chosen a market (Winter Garden FL).However, I did an analysis of the price to rent ratio and learned that in last 12 months the average price to rent ratio in this market is 14.62%.

You can confirm that they met all requirements, if that is their concern, but ultimately another applicant was chosen. 

To put it bluntly- tenant's should not be "chosen," they either qualify or not and neither you or the PM have any input on that. 

You could easily lose $50-$100k GAMBLING on a future price drop.

But to judge a property as “an Airbnb” or “a VRBO house” misses the point of using these platforms for listing various types of short term stays, and I hope that my mountain cabin isn’t considered “an Airbnb” and compared to some drug den rental arbitrage operation in LA just because someone booked my place on the Airbnb platform when they could have chosen VRBO for the same thing.

Originally posted by @Harry Gamble:@Brandt Baize I would want to know why the seller is selling.

We have chosen an area and have been reviewing land sites for the past couple of weeks but to not waste anyone's time, do we first consult with a realtor to actually find the specific lot, or do we apply for a construction loan first?

Also it's much more likely that whatever their chosen method of financing that they are more likely to not meet DSCR on their loan which is also a probable underwriting criteria the lender will evaluate based upon.

I do find the blockchain technology extremely useful for some applications and has benefits but "investing" in virtual real estate is more like gambling if you ask me.