The problem?

The rents are pretty low in the area but so are the prices.

Palm Desert Real Estate Market Update for Investors 🏡💰
For real estate investors—whether you’re just getting started or already scaling your portfolio—understanding local market trends is crucial for making smart buy...

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

@Cody Lewis one strategy you can try is a discount for longer stays (ie 10% off for 5 nights or more; 15% off 7 nights or more).

You are free to build whatever you want, sell the house once is finished, and the lien-holder (original seller) is paid off through title when the new house sells.

Quote from @Kannon Vogt: Hello all, I'm currently residing in central Texas and looking for advice when looking to find my first investment property to get started off on the right foot. 

I think your example is off point a little.

The guru your son is learning this technique from is likely not telling your son that the deal will almost certainly encourage your son to get an "off-market" deal from a "wholesaler" who is unlikely to properly disclose the details of the property or encourage an inspection. 

And you have taken the extra 150 hours required for the broker's license?