Hello BP Community, We reached out to Pace (subto) specialist and did get confirmation this scenario was possible.

@Alicia MarksHow about having an economic specialist covering some trends that we are likely to see continue, and ones we will not with the evolving lending & interest rates we are seeing?

For that they want a local specialist and not a computer because it's an emotional decision for them.

Maybe because they're handed so many things for free they don't have much skin in the game or something I don't know.

Rental arbitrage has more skin in the game bc you’re actually renting/leading the property & furnishing it, keeping up with maintenance, & at any time the owner could decide not to renew.

I am kind of facing the same dilemma.I am talking to an independent SEO specialist that takes the approach @Colby Hager outlined.

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 

Traditional agents rely heavily on MLS listings, which is why you're not finding the numbers you're looking for.I've been doing this for 20 years, and trust me, it's worth spending more time finding the right specialist rather than focusing solely on properties.

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

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.