It has BRRRR aspects to it. 

Of course, there is the lifestyle aspect.

Here’s how I’d break it down and strategize your entry point.Key considerations include the current and pro forma cash flow.

That’s a necessary tool that has some different aspects to it that allows you to see the WHOLE picture.

While you did point out the negative aspects of a deal like this, you didn't really highlight the pros on the RE side and future investment, appreciation etc.I’ve done two of these projects in the past 3 years in SoCal.

Therefore, any strategic/investing where you have a solid plan to get most/all of your capital back would be my target for this type of capital.

The Creative Investor Meetup is designed for beginning to advanced investors who would like additional strategies when constructing deals.All aspects of real estate investing will be covered including (but not limited to) - Wholesaling, Flipping, Buy and Hold and Commercial with an emphasis on Creative Financing.

While I’m not an expert on the legal aspects of posting here, I do have years of experience coaching students in real estate sales and investing.For anyone getting started in real estate, I always emphasize the importance of focusing on key steps before committing to a deal.

After much thought, I decided to become a GC and mange all aspects of my investment rehabs myself. 

I believe it's a great and thriving community with unique aspects that make it stand out from other markets in Texas.