There's that pickle.You can raise up the whole house on piers, but expect it to crack and settle.You can build sump pumps and automatic Moen water sensors to trigger the pumps but if the water rises fast it won't save the ship, and power will probably be out so you need a generator.Do not expect or plan that anyone will fix the seawall, it's on you and the problem is will your neighbors all have millions of dollars to fix at the same time that you need to?

If you have FOMO and pull the trigger now, I suspect future you will be upset.

Frankly it doesn’t seem like you’re ready to pull the trigger on this deal. 99 out of 100 “deals” from wholesalers are bad IME.

This was my first deal and I suffered from analysis paralysis for two years before pulling the trigger on my first real estate investment.

Out of curiosity, depending how the credit is pulled into cash...could this trigger any red flags regarding money laundering?  

I have been gaining momentum for three years and I often think if I had just pulled the trigger years ago I would be in a much better position.

I started in the land business so I do have a lot of background knowledge at it.I have also been trying to buy a longer term cash flow asset and with rates were they are and cap rates out our way ( at least asking) at 4 to 5 to 6  they still dont make sense. but we are starting to see some 7s so if we can offer and get 8 on a nice project I hope to pull the trigger this year.

The local HML can usually pull the trigger much faster than an outside person does because more research has to be completed to asses risk in lending for that area.This is why local HML lenders rates might be lower than a national HML lender that prices a few percentage point higher and one to two points more to price in the unknown factor of the area.

If you add to the title, you may trigger a new accessed value losing that low property tax basis. 

. $240k is priced to trigger a bidding war, I just am not a fan of the neighborhood.