It was made out of concrete block and it burned to the ground, along with a lot of other concrete and brick structures. 

There can also be substantial tax benefits if structured properly. 

There were curbs and some drainage structure, but at that time there were not any foundations in place.   

If the interest rate is still a barrier, you could explore adjusting your deal structure or negotiating with the seller to see if there is any flexibility on the price or terms to make the deal more attractive for buyers.Overall, while the interest rate may make it more challenging, it’s not impossible to work through.

It helps to ensure everyone is on the same page and can save you headaches if issues arise.If you need further guidance on structuring these points or tailoring them for your project, feel free to reach out—I’d be happy to help you get started!

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

With your $1,100 rent and the potential for an improved loan structure, it's worth reaching out to DSCR lenders who are flexible on reserves and leverage.Key Points:Highlight your strong FICO score and existing equity.If your DSCR ratio falls short, some lenders allow exceptions for high-FICO borrowers.

Since you’re not in a rush, you can structure your investments for both short-term cash flow and long-term wealth creation, ensuring a smooth exit from the corporate grind.

I appreciate the structured approach you've outlined for getting started in real estate investing.

What does your cost structure look like?