There are some decent spots that do well and are more affordable than Raleigh.Also I bought during the winter during slow season, great neighborhood but horrible photos, clutter everywhere, original condition.

Go to ReventureApp.com and put in your ZIP Code to see the condition of the Market in your area.

Many people get approvals to go under contract with builder, not just conditional pre-approvals saying they qualify for X dollars,  go under contract with builders , but approvals the builders request before they build the house from the scratch.

If you have more liquidity in your 401K or other investments that would satisfy that condition for reserves.

Either way, those are only concerns if the condition of the plaster is in dire straits. 

Conversely, if the property is expected to stabilize quickly, fewer extensions may be granted.Market conditions and interest rate expectations: In volatile market conditions or when interest rates are expected to change significantly, lenders may offer more extension options to give borrowers flexibility to time their exit.Negotiation between borrower and lender: The specific number of extension options is often negotiated on a case-by-case basis between the borrower and lender.

For landlords, lease options can attract tenants who are committed to the property and may take better care of it.Commercial Property Considerations: When considering a lease option for a commercial property in Texas, ensure that:The terms of both the lease and the option agreement are clearly defined and legally binding.Both parties understand their rights and obligations, including maintenance responsibilities, payment terms, and conditions for exercising the option.Consult with a real estate attorney to draft or review the lease option agreement to protect your interests.Here are some things that may help you form a pros and cons list going forward:Advantages:Potential for higher rental income due to the option premium paid by the tenant.Attracts long-term tenants who may eventually purchase the property.Allows flexibility for both parties in uncertain market conditions.Considerations:Ensure the option fee and terms are fair and reflect the property's market value.Understand the financial implications and tax considerations associated with lease options.Be clear about the tenant's ability to exercise the option, including financing requirements if they decide to purchase.Lease options can be a viable strategy for commercial properties in Texas, offering flexibility and potential benefits for both landlords and tenants.

I've known other investors to remove older mobile homes on land and replace with newer, used ones in better condition.

It depends on specific conditions.The IRS allows for a capital gains tax exclusion on the sale of your primary residence under certain conditions:- Single taxpayers can exclude up to $250,000 of capital gains.- Married couples filing jointly can exclude up to $500,000 of capital gains.Conditions for Exclusion:- Ownership and Use Test: You must have owned the property and lived in it as your primary residence for at least two out of the last five years before the sale.- Frequency: You cannot have excluded the gain from the sale of another home in the two years before the sale of this property.For a duplex where you occupy one unit and rent out the other, the rules are slightly different:- Owner-Occupied Unit: The portion of the property you lived in qualifies for the exclusion, provided you meet the ownership and use test.- Rental Unit: The portion of the property that was rented out does not qualify for the full exclusion but can benefit from partial exclusion based on the proportion of time you lived in the property.

Please DM me if you would like to chat on our current projects  in those areas including market conditions, leads and lead generation.