Manage what you have because it sounds like you have a decent typical tenant situation there. 

However, there are reputable websites that offer a wide range of house plans suitable for various purposes, including spec homes.

out of state offers many investors in high priced markets a chance to play when they cant play at home.

Ordinary Income: Profits from flips are typically considered ordinary income, not capital gains.2.

They can often provide valuable insights into typical operating costs such as utilities, insurance, property taxes, and maintenance.Factor in New Construction Costs: Consider the specifics of your new construction.

I think a settlement offer is very possible in either situation.

People make their mind up about you within 4 seconds, typically....whether you are or are not somebody they'd like to do business with. 

Still, two things to consider are that typically, lenders charge a higher interest rate for IO-only loans.

Ithaca is like another planet.STRENGTHS-  appreciation is pretty much guaranteed, no matter how crummy your property is-  student housing isn't restricted, they'll live anywhere-  having an ivy league school means there's a lot of money flying around-  rent is high-  tons of development and growth going on-   strong STR performance outside the city properWEAKNESSES-  almost absurdly high prices-  similarly absurdly low cap rates-  pesky annual inspections required on multifamily properties-  most deals happen behind closed doors, and agents tend to be very unhelpful-  5-7% cap rates typical, sometimes lowerSummary: Ithaca is a great market to park your money in and wait.

Our mutual friend, knew the arrangement that I offered her in letting her rent it at the lower rent as is.