Originally posted by @Atwan Kwan:@Brent Coombs filing is fine, but the idea is to settle out of courtGood luck getting blood out of a stone...

And I would like to think one day in the future I can provide that opportunity to an individual(s), a couple, or even family who deserves it the most.That being said, everything in our society comes at a price, whether it is financially or through blood, sweat and tears.

Just seems lately, that other builders/developers are willing to pay way more and I assume take a thinner margin on a 1 million sale.  

You can PLAN ahead and execute this plan extremely successfully.For you, here's the blood, sweat & tears decision:It doesn't sound like you are in a position to buy your next personal residence?

You can't squeeze blood from an old stone, just by gutting it and putting in new cabinets and marble counters if your Sale Price is going to be the same as the New Town Homes in the same area. 

I learned through blood, sweat, and tears (as well as making a few mistakes along the way). 

That way if the market starts retracting they can rent one out or have a fail safe to get out and sell cheap.You do not want a lot of debt on overpriced assets as the the market cycle heads down as many cannot hang on.There was a blood bath last time.Whatever I do I am staying quick and nimble.

When you leave, all the blood, sweat, and tears stay with the company.

It's possible for something to meet the 1% rule and still be a crappy investment (certain townhomes come to mind).I'm not an expert on flipping but 30% seems like a thinner margin than I would be comfortable with.

You can't get blood from a stone but at the same time you never know when they might turn things around and try an buy a house in which case you could collect.I would be glad to discuss in greater detail if you have more questions that you don't want to post here.