One thing we learned was that if you have a "builder hat" on during the initial stages, our site plan may end up differently than if we had our "entitlement & permitting hat" on. 

Richard's teachings on market analysis, property evaluation, and risk assessment have given me a competitive advantage in the real estate market and I am very grateful for that.

Cashed out refinanced and got our initial down payment back.

I have nothing to sell, am not doing marketing and not counting threads. 

If your HELOC is for the downpayment and you want to use lender money for the rehab, you are setting yourself up for failure in a difficult market.

At the end of the day, we’re running a business, and we’ve got employees and marketing costs to take care of, so we need to make sure it all adds up.

In the thread, some folks asked why I had decided to sell and I began to highlight some metrics that I was seeing in the STR market in BBL.

We are looking to expand in to the Atlanta and surrounding area market.

Yardi Voyager offers it and since it is commercial properties, Yardi kind of taken this market.

This new property is roughly 1,600 sqft, with 3 beds and 2 baths.We see this as a unique opportunity, especially considering how rare it is to find this price for new construction in the California market.