In other words, the lot’s size is too small to comply with the current zoning regulations.

The average size of a three-bedroom is 1,200 feet.

Don’t forget ROI includes debt pay down so it has to include the principle portion of the loan payment as ROI, I don’t see that listed?

Assuming an average 8% CoC return and factoring in none of the backend, if I invested a total of $5MM into several syndications (assuming some of the windfall went to taxes), we would yield $400,000 annually.Depending on your current and future desired lifestyle you could continue to live modestly, and reinvest a large portion of the dividends earned. 

Everyone makes mistakes now and again when filing a tax return whether it be forgetting a deduction, missing a portion of your income, or improperly depreciating an asset.

Hard Money and DSCR loans for a BRRR project in a medium sized city in Texas

It is right in the spot to access 2 beaches according to other listings on VRBO.I will say that most of the homes in that area are going for pretty high nightly rates, but they are also much larger. 10 bedrooms in one case. 5-6 on average. 2x the size with a average nightly rate of around $550 a night.Also, their calendars are amazingly full.

Crossville is a small to mid size city and growing with many retirement communities/cities nearby.

What size home and what prices are you seeing? 

Carlos - Not sure what size multifamily property you're buying, but I recently used Hemlane (national broker) for a quadraplex and was very happy with their service.