Most people do not understand or know constructive verses destructive debt.

I agree that Utica is definitely set for growth with all the major construction projects and plans coming to fruition in the near future Utica will be an excellent place to invest.

I can easily construct a scenario where the PM did absolutely nothing wrong despite your current perception.

Ironically, in line with your interest in Galveston, I am about halfway through constructing a beach home there (Beachside Village), which I plan to use as an STR / vacation rental.

Quote from @Jay Hinrichs: @Henry Clark"If you were in a new construction syndication and got caught with a 300% increase in Lumber costs due to Trump applying Tariffs to Canada for anti dumping, and then Covid shut down both the logging and Lumber Mill industries in Canada I can understand getting nailed.

My husband has become extremely stressed and disheartened by the situation, to the point where he no longer wants to work with this partner or on the property.The property is divided into two units: the main unit is nearly complete, but the mother-in-law unit is still under construction.

New construction?  

My criteria is as follows:1- Primary goal is appreciation over the next 5/6 years, cashflow positive preferred but cashflow neutral at a min.2- Preferred portfolio - Duplex & SFH in TX or Duplex each in TX and FL.3- Area of interest - I-35 corridor by Austin TX and Cape Coral/Lehigh Acres FL.4- Focus is on new construction properties for obvious no immediate maintenance needs and Developer incentives on interest.I know Austin is a no brainer but I would like to get your expert opinion on Cape Coral/Lehigh acres FL area.

Could someone clarify how a cash out refinance would work after new construction.

I plan to build versus buy because Im currently working for my father, who is a general contractor in Fl, and will save on the construction costs because I can do most of the work for little cost other than materials. it would be minimum labor cost and no profit cost from contractor.