I have a few questions and would love to hear your opinions.

I have clients that use the strategy every month.

You should reach out to local contractors that have experience with new builds.

I have heard AirDNA is a little generous so I am hoping for a 50% occupancy, which on average would pay ~$1,000.00 per month. 

My wife and I both have decent paying jobs, but after paying rent, vehicles, student loans, etc, there’s not much left over for saving, let alone 20% down.

You really want to have your contract approved by an attorney even though California doesn't use attorneys for transactions.

Obviously, we never would have used him if we would have known he would’ve pulled a stunt like that.

Sherman is about 30 minutes north of there and many of the biggest nationwide and local residential developers have bought land and working on master planned communities.   

Definitely check in with your lawyer to make sure everything’s above board, but these steps should help you handle the situation while keeping the tenant relationship intact.Hope this helps!

Do you have an approval or is something even grandfathered in that would allow you to put up a billboard?