The titans of the value-add model can likely argue against all of the advantages in favor of that model, so I suppose you could say these advantages are debatable.Nonetheless, we proceeded to place the land under contract and begin what would prove to be a grueling 6 month process of vetting all details of the business plan that the sellers had outlined for the development.

I know it’s not a concrete yes/no rule, but I don’t see how the numbers work in your favor after that.Homes in my area are at 220-260k for a cute, basic 2 bedroom.

If you’re within your legal rights, the suit will probably be in your favor, but there are still fees involved in going to court. 

Thank you, how is a lease option usually structured in favor of the buyer?

How would one go about looking for the areas that have a more favorable market and ones to avoid?

I am sure I can get a property that is very cheap but the location will not be favorable or safe.

A favorable tax climate comes into play there.People may eventually move out of the South and Southwest and into the Midwest, but it's many years off.

Just to clarify, house-hacking involves occupying an investment property for at least a year, in order to obtain favorable loan terms and a low down payment.

I ran into this in late-2007 when purchasing my first property, and was still able to finance at favorable terms, although it was difficult, so I am optimistic.

If you are hovering around 760 credit score and then drop to a 730, you may be bumped into the next tier of interest rates (not as favorable).