@Tove Fox You can definitely find single-family homes north of $250k in A/B-class neighborhoods here in Columbus!

It’s on a quieter street, low income area.

We have a property just north of yours and to be honest I would not be leaving a ton of supplies out for the type of guest avatar that comes through.

You may be priced just right, or depending on how small/large the property is, and where in Scottsdale it is located (North versus South), you may have a price growth opportunity. 

Just moved to North Florida and looking for a CPA who’s familiar with these types of scenarios. 

Quote from @Devin James: Quote from @Dominic Mazzarella: Quote from @Devin James: Everything went wrong with this investment:   - Took 4 months longer than expected   - Cost $10K more to build than we anticipated   - Sold for $20K less than we anticipatedWe still profited with a 30% return on equityThis is why I love Real Estate InvestingWhen you do your diligence and stay conservative with your numbers, it takes something really bad to lose money.Here was the original post:My siblings and I are building a home in North Port, FL.Here are the numbers: - Finished Home Value: $412Kish - Land Cost: $19,750.39 - Construction & Permitting Costs: $304,897Additional costs: - Environmental Site Assessment - General Liability Insurance - Builders Risk Insurance - Construction FinancingWe will be listing the home this weekPhotos coming soon!! 

Quote from @Wade Wisner: I lived in north Florida from 2003 to 2008 and did a number of residential and commercial fix-n-flips during that time. 

Quote from @Jonathan Vinas: Quote from @Ashish Acharya: @Jonathan Vinas Operating a self-managed STR in North NJ or the Catskills is feasible with careful planning.

It can be anything from the guy down the street using his 401(k) to lend or it can be a well established business that has a lot of funds to deal with.

It's not what I would call a super rough, probably different street by street, and would most likely depend on the neighbors right around the property.