Quote from @Mark Faulkner: Quote from @Sammy Lyon: Nice!

The prospect completed an application and checks the credit and income boxes but does have a mark on the criminal record.

My guess is the 10% mark up because that's far less than any reputable GC will charge for their services. 

While its slow time, there's also the factor of people booking later than before so your bookings should increase as you get closer to those months.What I can suggest is that those monster cabins are struggling right now and new cabins coming online take some time to really hit their revenue mark. 

Why do you investors think there is a mark-up anyway?

For instance, we had an application today where the wholesaler got a home under contract for $200k and then put a $50K mark-up on it to sell it to the "C" buyer for $250K.

There is no “easy button”, that’s why we all learn from every transaction.There are thousands of commercials that claim to make you “lose weight by taking this supplement “ or “you”ll make thousands of dollars a week after buying my course “…please don’t be so quick to believe everything someone says, fact check!!!

I think it is, but it is not the same BRRRR method investors are used to.The Changing Real Estate LandscapeThe real estate market has fundamentally shifted since the period from 2017-2020, which was marked by relative stability in terms of interest rates, demand, and supply.

This is how the same area shows in 3 different flood map systems:This is for a suburb of San Antonio, not a coastal region.The first is the one used now by Zillow and Realtor, feeding from First Street - the house and whole neighborhood is not marked currently in a flood zone, but it's deemed a MAJOR risk with 30% chance of flooding in the next 30 years.The second one is from SARA, and has some portion of the neighborhood in flood plain.The third one is from FEMA and it shows some portions in 100y floodplain, and the whole neighborhood in a 500y floodplain. 

@Mark A.