Feel free to dm and I can put you in touch.Also, please have a licensed and vetted contractor walk the property either before putting an offer or during an inspection period when you can back it and get your deposit back.Skepticism up front is always better than regret later.

Not sure what to do now, and i don't want to carry a loan for a long period of time. 

Now it going above pre-pandemic was because like Miami, Nashville, and Boise, Austin was a super-fast grower and had massive companies relocate there during that period therefore homebuilders jumped on it.

An audience that has been built over a long period of time and with a lot of faith and belief in the personality presenting is one that is most prepared to invest without question and most likely to be attracted to the high returns.  

That being said, most originators are hit with a clawback penalty if you payoff your loan within 6-9 months, meaning that the originator has to repay all commissions and fees to the buyer of the loan if you payoff the loan within that period.

I tried to reply individually but I guess it thinks you're a bot when you post too frequently in a short time period so I got locked out of my account lol

These borrowers are typically out of the market for extended periods of time, have limited contacts in the debt world, lack understanding of how different loan programs work, and are susceptible to working with the one bank / credit union loan officer that they know through their family, friends, church group, college, etc.

Our 120-day rehab period ended in Dec 2017 and ABC Baltimore told us that the house was “very close” to being done.

I think of you periodically and wonder how your STR business is going.

I’ve seen folks panic and act like they’re about to be stuck holding a ticking time bomb, but if you structure the contract properly, give yourself a decent inspection or feasibility period, and understand local investor demand, you’ll rarely end up empty-handed.