Quote from @Karter Ringstaff: Looking for information on the easiest way to get approval from hard money lender if you’re an first time investor  Hi Karter, I am a local agent and investor in the Grand Rapids area.

Here are some key factors that I'm considering:Potential for Appreciation:Local Metro: The urban environment often sees faster appreciation rates due to high demand and constant development.Nearby Rural: While rural areas might not experience rapid appreciation, they can offer steady growth and potentially lower entry points.

Wrong, well two of them are in a part of dc that is rapidly declining & no one in the family wants to take care of (and he certainly cannot) and has deferred maintenance on both, the other two are beachfront and a block from the beach, one already got it by a hurricane (no damage, but did trigger a special assessment & insurance skyrocketed) the other one just being near saltwater for 70 years takes a toll on a place, the other thing that happen’s with real estate over time is appreciation eventually rapidly outpaces rent growth so these aren’t as big cash flows as you’d think, a decision is was made to keep these properties both for appreciation and of course stepped up basis (most of these properties he bought for nothing and then depreciated the hell out of) while he has great assets and it will all be fine in the ends and we are all very lucky he has the assets to cover my grandmothers care, frankly trying to figure all this when he’s 88 and everyone is stressed just isn’t ideal, he probably should have just 1031’d up certain properties that had environmental and/or let’s just say locational risk into new or very new construction in the easy to rent burbs like a decade ago, while the tax implications always make selling at tough proposition, I think at a certain point in everyone’s life especially if there are lucky enough to have kept properties for decades should transition them into these easiest assets they can find in their market (you can even put in a reit or more specifically a Delaware statutory trust) to make thing’s easier for them and their family once they are no longer capable of managing those properties themselves. 

This enables you to possibly profit from the property's appreciation even in the event that your initial cash flow is negative.Opportunity Cost: Investing the money you would have saved by making a 20% down payment on a different property might diversify your holdings and raise your total return over time.Appreciation: The return on the lower original investment may surpass the negative cash flow if the property increases at a rate of 5%.Considerations:Market Stability: Although Florida has traditionally seen rapid growth, it's important to take the stability and possible swings of the market into account.

Back in the day before the catastrophic housing crash I noticed the DOM rapidly rising in Detroit. 

Furthermore, the evolution of remote work has reshaped office space requirements, with a growing emphasis on flexible, collaborative environments.**5.

Are you searching for rapid returns, passive income, or both?

If so, it could still very much make sense.If this is simply new construction in a low-end area though, that's different.That said, if this area is rapidly improving I'd be much more inclined to buy some of those lower end section 8 houses than I would a new construction project.

I invest and help others invest in Cedar Rapids, Iowa and know a couple neighborhoods where the tax assessed value is lower than other neighborhoods (same house), but just have a poor stigma/border thriving neighborhoods, so the spill over is and will continue to push into these neighborhoods.#4 You can take this questions 2 ways. 

Rapidly escalating HOA fees, special assessments, and large insurance premium increases may contribute to substantial drop in affordability and impact valuations.