Buy a townhouse in this development near where I live called Sea Colony:Details: $860k for a comfortable townhouse.Pros:Comfortable place to live for the next few years, and I’d still have liquidity to invest elsewhere.It is still in my current community where all of my friends live, so I would still be where I want to be location-wise.Will get appreciation.Cons:High HOA fees ($660/month) and potential 10k special assessment in the next few years.Likely won’t cash flow after we move, so unsure whether it would make sense to hold.3. 

Lenders are almost universal in their requirement that a borrower has "skin in the game".

Talk to the economic development people in each city. 

Real estate is a long game, and as this experience shows, persistence pays off, even when things don’t go according to plan.

RE is a long game, and congrats on having $250K in cash to spend!  

I’ve seen it plenty of times over the years, and I’d say you’re already ahead of the game for thinking through this strategically.

Hi Jasmin,It sounds like you're learning valuable lessons in the fix-and-flip game!

How did you develop this list?

Here's how you should allocate your time (and in this order)1. 99% of time developing your business plan/idea2. 1% of time thinking about the LLCMany people get caught up on the purpose/use of an LLC and don't spend enough time thinking about how to make money. 

- It would suck to put all the work into developing something like this and have it throwing off a lot of cash, only to find out no one else wants to replace you & your wife for a reasonable sales price:(