Congrats on your first project.

Are you doing this on your own?

There are also other large hospitals in that area too, so you aren't just relying on Mayo. 

I would discuss financials on this if you choose to come see the pre-rehab on Dec 1 (I have made a lot of money (close to 7 digits after this rehab is done in ~2 months) but due to not executing a cash out refi (due to the rate increases) my return is below my underwriting).

The LLC will have zero impact on lending.

Hi Scott, are you looking to be a passive or hands-on real estate investor?

Purchase price: $605,000 Cash invested: $12,000 Sale price: $785,000 Contributors: Peter Vekselman Partner Driven and Ann Mesa purchased this home for $605,000 on 06/27/2024, invested $12,000 in targeted renovations, and sold it for an impressive $785,000 on 11/15/2024.

A well-placed hotel or Airbnb may outperform traditional apartments, but this depends on zoning and market demand.I hope this helps clarify the steps and gives you a good starting point for your land development journey.

Looking for advice on renting to an individual on a rental assistance program through the government.

It merely is includes in the offer now as opposed to being listed on the MLS.