They are holding funds so they can live in the float as long as possible, probably because they don't have the cash to pay up.

This specific location is where my brother lives at and he will be the handyman/property manager.

In this ever changing world we live in, property management and business owners must adapt and change on a regular basis to keep up.

I'd advise you to either do a few deals in your local market- I don't know where you live, but yes, deals are possible there and people are investing.

Are you going to be living in the property?

To get into real estate investing at a young age with strong credit, think about plans like living in one part while renting the rest, making friends in the field, beginning with bite-sized properties, using savings and credit well, and eyeing areas that might grow.

Hi BP communityI am a Filipino citizen living in the US.

The requirement is that you live in it for 12 months if I'm not mistaken. 

I live here now but likely won’t in about 2 years.

This means that many hospitality properties need to refinance their debt at significantly higher rates in an environment where local and regional lenders have been pulling back.In this podcast with CEO Greg Friedman of Peachtree Group, a private debt and hospitality private equity firm, he states that many hotel projects got shelved during the pandemic and that is bringing on an undersupply situation for hotel properties.