One fire they had lit under and under pass and weakened it and it failed :)  Also they burn up their RVs and campers pretty often then the basic tent fire...

I have talked to a few Hedge fund managers who like the concept of the Sub to, makes their product more investment worthy to not have a bunch of non preforming loans to report.

Basically, it just depends on the comps in the area and the property values in that area.

Educate the land owner on the potential profit run the numbers and go over the basic proxy and blue prints.Make sure you have a seasoned and qualified Builder/GC because they can be a deal killer with wasted time and inflated material and extended completion dates.

Basically just venting with this post, but if anyone has any advice that would help, I'm all ears. 

New concept to me--What does the timeline look like on a reverse 1031 exchange?

The benefit of old homes imo is that I go in and redo all of the systems and have basically a brand new house that I know was done right bc I oversaw everything.Most new homes are built with cheaper materials than the homes built in 1900.

Get a good cap rate basically covers your financing and ideally 20% more for maintanance, prop management fees.

It will familiarize you with the basic terminology and benefits.

I generally prefer higher since I don’t plan on putting in small claims, it’s basically just for catastrophic loses and the savings in premiums over multpiple properties for multiple years should balance that out if I have ever have to use the insurance.