Thats a low LTV but without knowing or seeing the PFS, Returns and previous P&L its tough but if strong 65% even higher should be workable.  

It is tough to find and usually takes some work, but that's the pocket of the market that makes the most sense to me. 

In states like Florida, Texas, Arizona, and Southern California, investors can typically plan their projects without worrying about weather disruptions or seasonal demand lulls, creating a more consistent path to profit.Final ThoughtsWhile traditional real estate wisdom suggests paying attention to the seasons, some markets across the U.S. are far less affected by these changes.

Keep repeating until the project is complete.Does that make more sense?

@Chase HarmonYou should have been charging the developer for locking the project up.

But, rates are likely to go down 1.5% to 2.5% from where they sit now based on current projections.

Estimating material costs is easier but the labor is tough.

How do you confidently project rents when evaluating deals in these types of markets?

I know I want to start small/slow with one project (either a rehab/flip or a buy/hold long-term rental) and invest only in areas that I know or live (Los Angeles, Orange County, CA) at least in the beginning.

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