A remodel sounds to be like lower hanging fruit.

@MarliaStone Your most recent response is the right way to look at things...you learned something for the deals...plus it makes for a great story when you finally get your episode on the BP podcast :)...Mine will be: "I remember when I bought that deal from a wholesaler that had 2 feet of raw sewage in the crawlspace..."

We purchased the property because the 3rd bedroom is a daylight basement (3 story townhouse) with an ideal space on the top floor to add a 4th bedroom (seemed to be low hanging fruit for a future refinance).

However, these properties won't be low hanging fruit. 

They mentioned many of their projects are new construction and raw land development which seem to be more risky deals than lending on typical fix and flip of existing structure.

I am located in the Charlotte area and would agree about the presence of our financial sector but also medical is a huge industry as well.If your outlook is 10 years then going with either option will prove fruitful.

You posted the raw data, just go one layer deeper to get to % returns to confirm your purchase price in relation to your expected return/profit/cashflow:$5,500 + $3,000 = $8,500/mo or $102k/yr GOI (gross annual rent collected)Knock off 25% for expenses and you are at $71k/yr or $5.9k/mo NOI on this $1.05M investment or holding this at a 6.8% cap rateWith your 7%, 75% LTV loan, you'd be paying $5k/mo for the loan, leaving you with $900/mo or $10.8k/yr in Cashflow.Now to determine your CoC return (Cash-on-Cash), take the $10.8k in CF and divide it by your equity-in, likely ~$300k, so 3.6% return on your cash/equity in this deal.

This is low-hanging fruit for AI, because no physical work.If you think I am talking about something in the future, you have not kept up the last 8 weeks.

"It’s especially unhelpful because there are many people trying to fleece inexperienced investors"Someone will call me mean because I tell them to ask better questions, but then they are the ripest of fruit for the click funnel coming their way because they will yes them to death.Honesty is a way of saving people from the mistakes a lot of us have made.

@Sam GhiHave you considered buying raw land doing a solar farm, cell phone towers, or micro grid.