If possible, it sounds like your best bet would be to invest in a quadplex (4 units) to house hack.

Here is a suggestion for real estate investors flippers using QuickBooks-You should have four main stages in QuickBooks as Class:- Leads- Rehab- Sold- Overhead expensesKeep track of each property expenses immaterial you buy or do not close the lead.As each property progresses in the stage, change the subclass of the property.

Your best bet, IMO, is to work with the university to see if you can reach a unified vision for what this parcel will be.

Your best bet is to post over in the local networking or marketplace part of the forums.

I bet if you Google "Craigslist scam private mover" or something similar you'll find almost the exact wording of your text!

Not to say anything is wrong with those properties but I am seeing more and more properties that people from Austin are buying "betting" on the future and not taking into consideration what it is today.

I'm not an expert on Wichita, but I'll bet a beer that your return on your Parker house, when considering rents AND appreciation, is much higher than the same amount of money invested in Wichita.

1 – Rental Return with Cash Purchase Purchase: 120k+Renovation: 35kAll-In Budget: 155kAll-In Budget: 155kMarket Rent: $1300/month% Towards Expenses: 30%Annual Cash on Cash Return: 7.04%2 – Re-Finance After RehabAppraised Value: 185k 75% LTV - $138,750Cash Still Invested - $16,2503 – Rental Return After Re-Fi Cash Still Invested - $16,250Market Rent - $1300/Month% Towards Expenses: 30%Annual Cash on Cash Return: 67.2%We’re very excited to break ground on this project and once we begin construction, we’ll be sure to update everyone on the progress.

I guess I am holding on because I'm thinking of paying off the rest of the mortgage and then I can bet $1000/mo.

Thanks everyone, but the renovation part of this is 98% done, with still a little room for improvement... which is my downfall because I keep thinking of new ways to keep pouring money into this thing, and I gotta stop that.I've broken up my story because I have a thousand progress photos.So why don't I continue.....Ah, the photo is right side up.So that chair and the metal desk came with the house.