The city wants to have "Neighborhood Anchors Points" consisting of Mixed-Use and Retail/commercialVisual of all land bank properties The area I will focus in.A break down of cost to purchase all Land Bank properties on each street. 

Let's break down a realistic timeline for building your REI business without burning out or risking your day job.  

RESOLVE this issue NOW and make a clean break. 

I am currently trying to break my analysis paralysis. 

In your experience, do you find that it's possible to cashflow or at least break even with these properties and today's prices/rates?

Merry Christmas and happy new year 2025!

We like the short-term rental idea because we could stay at the property ourselves when we want - summer break, spring/winter breaks, etc.Our budget will be right around $1M or less ideally, and we would like a short distance to the ocean.How likely is it that we could find a property as described above and have it cover or come close to covering the mortgage? 

For instance - Easter baskets, Halloween candy, fun craft beers for St Patty’s Day, tons of options for Valentine’s Day, small tree and decor set up for Christmas, etc.  

As the investor gains experience, they are not only able to more successfully foresee the “bumps” along the way, able to handle recessions, temporary negative cash flow, unforeseen capital expenditures without panicking, but will also recognize the opportunities necessary to turn a loss into a break even.

Id be happy to break-even with the rental income if I get all of my invested capital back.