.- now if it's structured as DST, there's min. 10% load, lets say it hits the return by about 2%, now the real actual return to investor at 100% occupancy is about 4%- If the  property has tenancy issue like today, where tenancy dropped below 80%, the DSCR could be near 1.0 which means no distribution.Been thinking about this for a while, I think what makes sense for DST is either MHP or industrial NNN.

The city board of adjustment meeting was held today and we presented our case and explained that we made huge investments into the home to remodel and furnish it with the belief that we would be able to operate it as an STR since we had an approved permit.The Board denied my request and did not take any responsibility. 

Good stuff, it is a much different market today.

I've just watched the "gator method" today.

There are markets today, even with high rates, that are cash flow positive and do have great appreciation. 

I would want to chase the tourist crowds.  

Not sure if that is still legal or even translates in today's world of everything online but seemed like a good screening tool to me at the time. 

Today, our five biggest states for where investors live mirror the five most populous states in the US.  

And, FMV on 1/6/25 is not FMV today because now you don't have a lot in an established neighborhood, you have a lot in a disaster area which comes with the challenges I listed above.We built about three dozen "fire lot" homes after our fire--all lots acquired off MLS or from owners that came to us (we didn't market for lots), and not at a price that anyone would call a "discount". 

Because I need cashflow proceeds to start being withdrawn in 2 years and not today, I'm looking for how I can build up the empire with a larger portfolio with continued investments beyond the initial $250k now.