Here is the latest example from yesterdayThis is how they advertise it, $180,000“If you’re looking for a great investment, with great bones and endless possibilities, this 3-bedroom, 2-bath gem in New Braunfels is it!

Those are long plays for me.

It is possible to develop the deal and not build anything at all.

We are both committed to re-investing any cash flow back into the asset to snowball equity as quickly as possible.

All these properties were purchased for under 100k (not possible now, we got lucky with the downswing of the market at that time).

Retirement accounts are designed to be invested passively so when the IRS sees you running an active business in it, to level the playing field between retirement accounts and other business the retirement account incurs UBIT. 

Many of them won't be convinced by facts, such as how much revenue STR's facilitate in and around Asheville, and will continue to push debunked sentiments about affordable housing, but the threat of lawsuits might make them play nicer.

Try to find any documentation possible.

They have asked me for $7500 to be wired for Appraisal and possible Phase 1.

You avoid the tax hit, and still get the use of 75% of the equity if you do a cash out refi - (but high interest rates sort of play against that to some degree presently… but you could alway refi again down the line if rates dropped.