It’s got that Midwest vibe—cheap land, growing demand from remote workers and families—but with less competition and rents still climbing (5-7% yearly in some spots).For a Seattle-based investor, it’s a no-brainer: skip the $700k fixer-upper down the street and grab a passive stake in a rural 12-unit property pumping out cash flow from day one.

Based on what I currently owe and how high rates are this doesn't seem worth it to me.Does anyone have any advice on what the best way to do this is?

Hi Ryan,Typically construction financing isn't based on your taxable income and rather more contingent on your experience, FICO and the deal itself.

The drop and Swap is about all we use here due to the confiscatory tax rates based on sale price.

Was hoping to get at least 115k based off what comps were.

Except you insist on giving the OP a "yes" based on the generic strategy (A) while I insist on giving him a "no" based on his specific situation (B).To answer your question to me - no, I'm not trying to be controversial.

Across the board, the worse the neighborhood, the better the cash flow, the better the neighborhood, the trade off for tenants base, better schools, low crime, etc etc.

Now all taxes are based on a super low rate you can’t fight. 

Dont know where to start any suggestions will be great thank you For the 300k property they are probably not going to let you pull any money out based on the amount of credit you already owe.

It looks like I need an mls Id based on sample code