It’s important to carefully analyze the numbers to ensure you’re getting a good return on investment.Appreciation: Tallahassee has seen steady appreciation, but it's not as fast-growing as some other Florida markets like Tampa or Orlando.Alternatives NearbyIf you’re finding Tallahassee a bit pricey, consider looking at other nearby markets that might offer better value:Alabama: Cities like Birmingham and Huntsville are close by and can offer more affordable purchase prices with strong rental demand and high ROI potential.

Or even riskier: a commercial balloon loan with a high interest rate and a personal guarantee that is due IN FULL after 5 years!

And I am not sure if that's because luxury property rentals just don't have the same ADR here in comparison to other markets - in a lot of other markets even as far as West Virginia in harpers ferry you can easily charge $800+ in those markets, whereas inWe haven't purchased the area in Airdna or Pricelabs as we are just looking at the data at a high level right now before we commit to that one area since we are looking at a couple of other properties too.

I ended up getting in during a high interest rate at 7.5%.

I want to share an application of this strategy that can help when moving parents into a long-term care facility, particularly in high-value real estate markets like California and Hawaii.Here’s a simplified plan:1.

If you don't want to do that and you want to play hard ball with the developer then come up with a price for them to buy it from you; and make it a good high price.

You will most definitely need 25-35% down, high reserves, experience with 5+ MFH, and usually a net worth greater or equal to the loan amount.

My costs might have been high and my rents too low so don't take my one data point as the answer without doing your own research.

Overall highly recommended.  

I know how change impacts real estate is highly speculative, but this is a thought experiment, not investment advice.