For those who’ve used it, what strategies or sources have worked best for you when covering the difference between your loan and the total project cost?

What would you do in my shoes I don’t invest there so take this with a slight grain of salt but I’ve heard multiple stories of basically this exact scenario someone getting offered a big payday for something in Cumberland, rejecting it & always for some reason (house burned down, block got worse, sheetz decided they actually didn’t want someone’s land for a car wash after all) always selling for like 10-20k and regretting not selling. 

That's a steal, if you were going through me we'd be at 75-100k for this huge project.

Hello @Chris Atkins,To achieve and maintain financial independence, only invest in cities that meet the following requirements.Significant and Sustained Population Growth: Rental rates follow the basic principle of supply and demand.

Strategic design tailored to their needs will not only attract them but also show the value in choosing your rental over a basic hotel.For parents visiting students, they want a cozy home-away-from-home where they can relax and spend quality time with their child.

If it takes you two months two find a tenant willing to pay $1,700, then you'll still basically break even in the long run - the net to you is the same. 

Starting with a single-family can be a great way to start especially if you’re looking for a lower-risk starter project where you can get your hands dirty and learn a ton by doing.

@Dwane Twente so this is basically a rental arbitrage company.   

Sounds like a solid project.

The guest house has STR rental history but the other two units would need to be based on projections.