They have sent me a letter in the mail asking to buy my lot for almost double what the local values are so I'm not sure if this is a scam or just to good to be true.

They are business notes backed by our portfolio of 10+ businesses which does include some real estate.The note returns range based on investment but is double-digit. 

And unless you go into some very rough areas, you won't find double digit cash returns.

I have about double $80K actually, in cash, just sitting in a high interest savings account until I figure out what to do with it.

Hi There - We have had several clients make the numbers work here in Chicago typically with either FHA 203k and home style renovation loans.I continue to remind everyone that a single or walk right now will be a double, triple, or even a home run down the road. 

Or double triple lot property.6.  

One guy I worked with...an old friend, actually...was petrified of taking on more debt until he snagged a short-term rental in Austin that practically doubled his monthly cash flow after a few months.Now, let’s not sugarcoat it.

.: RAD encourages investors to make them hard money loans (that are really unsecured) with a 20% interest rate because the "REIT is full" or there is "a waitlist" to get in on the opportunities. pretty tough if not impossible to  take on 20% long term debt on buy and hold / rent model.. its tough at 10% let alone double that .. 

. - The 13 unit I went in on has been almost 2 years and still hasn't had the framing inspection passed- All my taxes doubled on my rentals, so now my cash flow has plummeted. - I've had multiple vacancies, including one where the tenant left after a year and cost me $6k in turn costs.

You might also want to double-check if having a local property manager satisfies the city’s requirements or if the operator still needs to meet the residency rule.Good luck with your Airbnb arbitrage—Cincinnati can be a great market!