Hope this helps.   

This is an expensive place and it's not drivable so everyone needs to arrange and pay for airfare.This is tough.When you did your research prior to purchasing, did you find other similar properties that were already successful or is this more of a hope everything will work out?

for a DSCR loan, you'll need to wait 3-6 months and conventional, 12 months.so should you pay all cash just to beat everyone else out, and then hope that the appraisal gets you some of your investment back? 

I hope this helps and good luck on your real estate journey!

My intention is to become a small but mighty Real Estate Investor.My primary market would be Florida but I am open to relocation later this year if the right opportunity presents itself elsewhere.Looking forward to learning alongside you all and hopefully connecting with many of you as well. 

Since it won't be cash flow in this condition and may run into loss it may offset my rental income but hoping to build equity and have another investment in my portfolio.What would you folks suggest?

I was hoping to get 1900-2000 for my 3 bed, which is more or less the going rate, if I were just a few miles closer to downtown and/or had a kitchen with back splash/new floors.

If you are hoping to get multiple groups or families in there, you will need to create some formal bedrooms for privacy.

Hoping things change🤞🏼I am involved in the community here and know first-hand the money and resources being thrown at minority-owned businesses from large local corporations as well as local community foundations. 

However after all the work thats required which includes landscape, parking lot, fencing lighting and interior/exterior work, it looks like the presumed cost of remodeling it will be double that, although Im not positive (still taking bids).Ive priced a comparable property in our area which has similar square footage and lot size and they seem to be going between $700-800k, and so my question is: based on a higher than expected construction cost which is necessary to finish our project, one which will exceed the amount of money of what a similar property goes for in our neighbrhood, should I continue with this project, or an alternative plan would be to simply beautify it for approximately 100-150k and ditch the plans, and flip it instead for approximately 700-800k now that its zoned commercial.My fear is that if I do invest the moneys to finish the project over the budget I initially priced it for, and the business doesnt take off, I would initially lose money on this investment.Thank you for taking the time reading this.