I found a nice piece of property for sale on 5 acres, on an allsports lake that currently has one old, small lake cottage on it and a pole barn. 

However, the neighborhood and HOA recognized the area for it's tourist attractions (in between two ski resorts, local beaches on the great lakes, etc.) and that owners would want to rent out their vacation homes.

I'm trying really hard to not put on my tin foil hat, but here's the situation:We are under contract for a lake house in a VERY hot market (Lake Hartwell, SC/GA). 

Up to this point I have been staying local in Salt lake city investingNow, I am looking to begin investing in/near Milwaukee What are some good areas to start hunting for 2-4 units?

When HGTV approached me in Utah ( Salt Lake Valley) about 6 years ago.They wanted me to really put on a show!

I just feel like this might be a way to replace the materials we chose with cheaper alternatives to pocket more money.2.Attorney fees; Purchaser(s) agree to pay attorney fees necessary to defend any disputes or allegations arising in any manner relating to      this agreement.Does this mean that if I find fault with their work an take legal action, then I have to pay for their defense?

Market of the Moment - 4/15/2021: Well we're above 150 active homes in Salt Lake County under 600,000 and that's exciting! 

States with the highest foreclosure rates were Delaware (one in every 1,705 housing units with a foreclosure filing); Illinois (one in every 2,175 housing units); Florida (one in every 2,237 housing units); Indiana (one in every 2,397 housing units); and Ohio (one in every 2,500 housing units).Among 220 metropolitan statistical areas with a population of at least 200,000, those with the highest foreclosure rates in Q1 2021 were Lake Havasu City, Arizona (one in every 518 housing units); Provo, Utah (one in 1,280); McAllen, Texas (one in 1,297); Shreveport, Louisiana (one in 1,353); and Atlantic City, New Jersey (one in 1,441).Other major metros with a population of at least 1 million and foreclosure rates in the top 50 highest nationwide, included Cleveland, Ohio at No.6, Birmingham, Alabama at No. 9, Jacksonville, Florida at No. 12, Miami, Florida at No. 34, and Riverside, California at No. 39.Foreclosure starts increase 3 percent from last quarterLenders started the foreclosure process on 17,652 U.S. properties in Q1 2021, up 3 percent from the previous quarter.Those states that saw the greatest quarterly increase in foreclosure starts and had 500 or more foreclosure starts in Q1 2021, included California (up 36 percent); Ohio (up 25 percent); North Carolina (up 15 percent); Virginia (up 11 percent); and South Carolina (up 10 percent). 

It needs some updates but the home is good condition on the lake.

Investment Info:

Single-family residence buy & hold investment.

2/1 Purchased August 2020

What made you interested in investing in this type of deal?
Passion for Real Estate

How did you...