I recognize that the CoC return is not as high as we'd like, but it does come with some built in equity (~$100,000)Details:- 3/2 Single family house (1487 sq ft) with a 1/1 ADU out back- Zipcode 78745- Purchase price: $469,900- Down payment: $50,000 plus CC (includes assignment fee)- Seller Finance $419,900 at 3.5% interest; 30 year amortization with a 15 year balloon- PITI $2744.02- Rental comps: $2667 for the 3/2; $1505 for the 1/1 - LTR according to BP (Total $4172)- Repairs needed - minimal, coat of paint and maybe swapping a window unit A/C for a mini split

You need a lot of experience before you're good enough to go remote in purchasing.2.

Current owner is asking WAY too much (2.5 assessment), and they do Airbnb with it. 

Takeaways and next actions for me became very clear in that I need to get back to my basics, posting here, and making offers. 

If I just go by AirDNA, the difference is not much in annual revenues.Thanks,Ankur

If you try to go at it alone or don't have a good agent, you're likely to be disappointed if you need to use your insurance.If all you look at is "rates" you're likely missing things.

Thank You so much for this advice.

Hey boss - seems like you already got your answers but feel free to reach out if you ever need a second eye.Cheers,Jackson

That's pretty much what Title companies do, they search and insure your title.

The land is often far from urban areas where housing is needed most, and environmental concerns must be balanced.