I’d use the cash for a down payment on the biggest multi family units in the best area possible .

Re: high bills...running toilets is the biggest issue.

for me, that is the biggest hurdle, as I don't look forward to having to save $60k to $120k to invest since the real estate markets there operate largely on a cash basis.

@Michael DelpierIsn't the bagster the biggest rip off of them all?

Kitchens & baths are where you'll get the biggest bang for your buck.

That is an amazing return on investment.What has been your biggest success with hard money lending?

Let's pretend you are the biggest landlord in Raleigh.

I am aware of many agents who have wholesaled deals, some of the biggest wholesalers in this market are licensed agents, ethically it appears no different than double ending a transaction which is a very popular tactic used by agents to squeeze every cent out of a deal.

I think my biggest worry is if the extreme high occupancy drops for whatever reason, then this property comes into trouble pretty quick...  

One might say, on the upside, that they can provide one of the biggest benefits to a community, however.All else equal these types of projects typically take longer, as well.