There are at minimum 20 homes being constructed in the neighborhood of my build (1/3 spec I would estimate) and all of the land was purchased for 200-300k with coverage limits less than 3,000 square feet and exit prices of 700k to 1M.

You might want to research phantom bonds which evolve from black box deals (complicated and mysterious)!

I can certainly see this evolving the same way with Zillow and Auction.com.

It will not be easy, but if you stick with it, I'm confident that you'll find REI worthwhile.Growth always works, like nature, according to established lines (ex. seeds to not turn into trees overnight; they evolve always according to similar stages of growth).Remember...Definite Plans + Faith + Emotion + Action = All human accomplishmentDefinite Plans: your mental roadmapFaith: Believing in yourself and others and that you can accomplish your goalEmotion: You must feel strongly / KNOW you will accomplish your goalAction: Plans not applied through action leads nowhere. 

I'm seeking advice from seasoned short-term rental pros, especially those familiar with Locust Lake Village.Here are my burning questions:Property Management: I'm considering Evolve (10% fee) to help me out as a newbie.

The first few attempts we may have failed at changing the industry, but we evolved to crack the problem, and overtime we are reinventing the industry. 

Or worse, temp agencies (shudder) :roll: Obviously this is an evolving area of the law.Since there's no rule for handling this, I think I'm just going to go with my safety deposit box/encrytion plan and document in my notes that I did that.

My plan is to use Evolve as my property manager (which charges a 10% management fee and manages all necessary transactions from afar), and list the condo on multiple short-term / vacation rental sites (Air BnB, VRBO, homeaway, etc.).

So typically I would required 200 per unit of post refinance cashflow  (fourplex = 4 X 200 = min 800 cashflow or more the better of course).These days the guidelines have changed a bit to adjust for the ever evolving market.Hope those two guidelines or underwriting criteria help you in your journey.

I have flipped a few houses and rented a few but my strategy is evolving.