Wow, so many accomplishments in such a short time!

Lancaster city limits short term rentals to only certain zones of the city so definitely look at the city website for that information.

You will likely have negative initial cash flow reducing this return, but typically the negative cash flow is short lived. 

Finally from a purely from a cash outlay prospective short term, you could rent a house with roommates and your payment would still probably be Lower than house hacking because rates are so high, over the long period 5-10 years obviously it would cheaper ti buy, hope that makes sense 

I totally recognize that is impatient and greedy.My gut is saying your short picture idea is where we're heading since we are taking the same hit with brokerage account (I didnt even mention borrowing against 401k - yes its not advised but my wife and I have stable W2 income to pay ourselves back) Thanks again, this BP community / forum is awesome

Gross Margin is an important calculation for developers/builders.Gross Margin = Gross Profit / RevenueWe shoot for a 20% gross margin on our New Construction HomesReal #’s:Home Sales Price: $374KClosing Cost: $18,700Cost of Construction: $258KLand Cost: $30KGross Profit = $67K$67K/$374K = 17.9% Gross MarginCame slightly short of our goal of 20%Homes Values and Build Costs are constantly fluctuatingI wish we had a crystal ball

I also require additional security deposit and sometimes a guarantor if they were approved in this manner.I also agree that this situation sounds like a pattern not a one-time mistake or short term tough situation that caused this.  

I'm not a fan of selling a property that is performing in order to solve a short term problem.

Needless to say we were pretty disappointed, so shortly after that another student reached out to us and told us that Ryan and Tyler had agreed to sponsor them 4 different times and backed out of each one causing the students to lose earnest money.

I do a combo of short-, mid-, and long term rentals on the northside of Chicago and surround suburbs.