I wouldnt give any consideration to what the seller needs in order to break even in determining the purchase price.

Construction could take a year, with permits stretching up to 15 months, a timeline that’s still attractive given the return potential.For developers seeking even bigger returns, a lot split project might be the way to go.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

Depending on the age of the house, even if "fully renovated" it may not have any or enough insulation.

Let’s break it down:Loan: $300,000Base Rate: 8% (P&I: $2,201)Buydown: 1 point ($3,000) lowers rate to 7.75% (P&I: $2,145)Monthly Savings: $56Break-even: ~54 monthsHolding long-term?

I recently had to get some garage door springs fixed on my home and nobody would give me a quote or even  come look at it without charging me $75+.For all this I pay 8% of rent collected, $300 to place the tenant and $150 for renewals.

This experience taught me to trust my instincts more and never skip due diligence, even in areas I am less familiar with like basements and water intrusion.Any advice on how I should proceed would be greatly appreciated.

But at that point why even look for 100% hard money lending lol? 

Even if someone in these forums were to teach you a creative financing strategy that required zero out of pocket cash and the seller was willing to accept those deal terms, you still aren’t qualified to own real estate with your current balance sheet.

I never even considered a leased STR.