Quote from @Devin James: Quote from @Dominic Mazzarella: Quote from @Devin James: Everything went wrong with this investment:   - Took 4 months longer than expected   - Cost $10K more to build than we anticipated   - Sold for $20K less than we anticipatedWe still profited with a 30% return on equityThis is why I love Real Estate InvestingWhen you do your diligence and stay conservative with your numbers, it takes something really bad to lose money.Here was the original post:My siblings and I are building a home in North Port, FL.Here are the numbers: - Finished Home Value: $412Kish - Land Cost: $19,750.39 - Construction & Permitting Costs: $304,897Additional costs: - Environmental Site Assessment - General Liability Insurance - Builders Risk Insurance - Construction FinancingWe will be listing the home this weekPhotos coming soon!! 

Just moved to North Florida and looking for a CPA who’s familiar with these types of scenarios. 

You may be priced just right, or depending on how small/large the property is, and where in Scottsdale it is located (North versus South), you may have a price growth opportunity. 

Quote from @Wade Wisner: I lived in north Florida from 2003 to 2008 and did a number of residential and commercial fix-n-flips during that time. 

Quote from @Jonathan Vinas: Quote from @Ashish Acharya: @Jonathan Vinas Operating a self-managed STR in North NJ or the Catskills is feasible with careful planning.

north of Tampa is an interesting area (about an hour or two) and there are a lot of low end places. 

Some parts of Avondale are real sketch and some parts are a bit nicer (North Avondale) Cincinnati is a very block by block city. 

Again, this is just for the sake of dialogue for folks to consider when looking in North Alabama at investments.  

Dalton,A multi LTR strategy sounds like a great play for 2025.i would suggest attending any and all REI meet ups in your area that you can find; my brokerage hosts a bunch of them up in the north east and it's been huge for our growth.i would also suggest finding an investor focused agent.

We have the opposite problem up north in Cleveland.