Because I played ball and did everything by the book and got all the permits etc., they have re-zoned my property as residential/commercial use which evidently was their solution for people not getting the permits but puts me into an entirely different tax structure. 

If my kitty was fat enough, I'd take 5% any day and throw my laptop and iPhone in the trash, sleep till 10am and play guitar with my amigo's haha

Assuming a required rate of return of 5% (comparable to high-yield savings or a CD), the deal would need to yield a total CoC return of 10% (since everything is split 50/50).I'm stuck because while playing around with numbers, achieving this return seems improbable if not unrealistic.

For me, it depends how much I want the seller to accept my offer and how willing I would be to walk away from that amount of money.If I'm playing hard ball on a property I'm not crazy about I might offer $1,000.

There's a high likelihood that family dynamics will come into play.

@William StricklandCalculate deals you can use a simple calculator, the issue is typically never the calculator but the data that is input into the calculatorGarbage in = garbage out and this is where experience and knowledge come into play.

Scroll down the page and look for cities above the line for good performance.https://www.airdna.co/blog/best-places-to-buy-a-va...A word of warning - from someone who’s spent waaayyyy too long playing around on the AirDNA web site: they measure profit as revenue minus mortgage.In many cities, a large chunk of the high airbnb revenues come from very specific highly desirable properties in highly desirable areas (e.g., baller properties that are downtown or oceanfront or lakefront, etc).

Tampa, Orlando, Miami, Broward, Jacksonville and their surrounding areas are all booming right now and can be great long term hold plays that still will cash flow if you find the right deals.

While the closing costs may be higher than a HELOC, the long-term interest savings might outweigh this initial expense depedning on the property value, LTV, credit, etc.Really depends on your strategy/perspective (short/long-term play, where rates are going, current fianncial position, etc).

I think that might be the more plausible value play.