I have a few I have my eye on that are perfect and under 900k.Clairemont is also a great area!

Your development deal will look much like a flip in the eyes of the IRS since it is 6-9 months as well you'll have the short-term side of taxes, not the capital gains taxing on it.  

It’s like trading baseball cards back in middle school.. you get the shiny new card you’ve had your eye on, and you don’t pay a dime until you finally decide to sell and pocket the profits.

If you’re weighing options in Chicago or have an eye on emerging neighborhoods in that city, I can get you in touch with someone who knows their way around the Windy City’s rental regs and local quirks.

My tenant just notified me of this in November and they first started noticing it back in May (eye roll lol).

Keep an eye on the STR regulations, and as you progress, consider diversifying your portfolio with other asset classes like commercial or single-family rentals for added stability.

Median home values are $170K range, Median rental income $1,275, YoY home value growth 7%, YoY rent growth 7.93%, Rent/price ratio .74%, Population 117K.I also have my eyes on Watertown, NY; Warren Robins, GA; Gulfport, MS; Knoxville, TN, Rocky Mount, NC & parts of OK.There are plenty of options out there --- hope you find something that fits your buy box!

If you need eyes and ears or want an opinion on a specific property, I am always happy to assist. 

Any way good luck with it.. sounds like this company's eyes were way bigger than their stomach.. to scale on scattered lots is pretty tough logistically and I guess we are seeing that play out.

Not only am I sorry you lost money but it gives a black eye to us legitimate lenders everywhere.