The vacation property was purchased in 2017 for $500k and currently valued at $1.3mil. 

An appraiser should know the value of LVP over carpet, but make sure you do select a quality LVP and not just the cheapest one available.

It has value added potential as I can 2 more doors.

I wouldn't touch a 2 million dollar luxury home. the land cost at 400k is too much as a percentage of the after built value too. we try to underwrite 10% and normally try to buy land that has 5x multiple through zoning or entitlement for additional upside.

I understand the value of investing in fewer, higher-quality properties to minimize risks and maximize returns. 

I live in a county where there are quite a few decent looking abandoned homes and can never get far finding the owner and trying to find value on MLS is rough!

First time home buyer programs to pay for downpayment closing costs and renovation How did you add value to the deal?

I got a good deal on the home, approximately $50 – $100k under market value, but I now have conditions for the conventional loan.

Bank loan How did you add value to the deal?

How did you add value to the deal?