If well coordinated, at a minimum that provides 30-90 days without being responsible for the mortgage payment.Investors exploring this strategy will want to emphasize efficiency and be sensitive to PPP (Pre Payment Penalties.)

Quote from @Rodney Menendez: @Peter Dukaj yes we are still finding lots for around $19k in Lehigh Acres with no issues for construction  still a soft market and utilities are going to run way more than public sewer and water taps. it all ends up being the same. 40-50k for a lot no matter how you skin the cat. plus all the site work required for those lots is more than double what a traditional infill lot requires in miami or columbus for example 

Timeline for IRRs I sensitized around 5,10,15, and 20 years (and at 2% appreciation).

Buying without any skin in the game is high-risk and a recipe for disaster.

He treats everyone like garbage and tells each of them, if they complain, that they are too sensitive and if they can't handle it they are all [expletives].

So a sponsor that's great for one investor will probably be terrible for another (and vice versa).I'm a conservative investor, so when I invest in real-estate I prefer sponsors that have at least one full real-estate cycle of experience, little to no money lost, low leverage, and high skin in the game.And there is a multi-family operator that has multiple real estate cycles of experience (decades) and it's track record claims no money lost in that time.

I am mold sensitive, so I cannot risk buying a home that has hidden mold.

Lots of ways to skin it, but it can take several touches before a lead responds. 

Far fewer disruption to my life, and possibly a little cheaper via economies of scale and lower costs due to not having to move furniture out of the way with every step... so many ways to skin a cat, and they a will work.. just need to decide what works best for me an my situation I guess. 

Personally, I wouldn't live somewhere where I have people living above me as I am sensitive to noise.