. - Lender requires a heavy TI/LC reserve until the extension is signed.

They offer potential without the heavy competition of more established markets.

I had a few houses that lost about 30k in equity overnight in the area (had been considering selling to do a 1031 into some new builds, but that turned into a less attractive idea after the equity drop).

If he has a heavy interest at 15/16 I would be curious if there is entry level or internships for him to get into, whether that's with a wholesaler, agent, property manager, etc.

Also, on the stock market investor side....ditto....if not worse...Warren Buffett didn't do it overnight, nor will you.......

Get a box of the heavy duty contractor trash bags for the men to load things in . 

I know that's hard to say since in real estate a lot can happen overnight.

Which will inflate market prices int he segment seemingly over-night.

If you believe the area will appreciate heavy, I personally would opt for SFH.

Just from the little you wrote, it's pretty heavy on the red flags. 60 days on the market (depends where this is whether that is a lot or just fine, but definitely overpriced at this many days) plus no sold comps.