I suspect there are tiers significantly cheaper than that but they offer no information.

The information contained in this post is not to be relied upon.

It's important to stay informed about local laws and regulations.Market Volatility: The real estate market in vacation spots can be more volatile, with property values and rental demand potentially affected by factors like natural disasters, changes in tourist preferences, and economic downturns.HOA Fees and Restrictions: Resort condos often come with high Homeowners Association (HOA) fees to cover amenities and maintenance of common areas.

I've come across a bit of a conundrum: conflicting information on how to calculate Net Operating Income (NOI).Every article and book I read has a different take.

If you run into any troubles, at least you have your hloc ready.Since flips have that high risk of having extra expenses, something like the hloc can function as the reserve. 

This local expertise allows us to make informed decisions and stay ahead of market movements.A Track Record of Success: Despite the challenges of starting during uncertain times, I've successfully completed multiple flips, each time learning and improving my strategy.

If you decide to go this route, it's best to do your due diligence first and gather all of the information regarding the costs before you do anything.

Important Disclosure: I am not a real estate attorney and I only offer my anecdotal and my 30+ years' work experience in the informational blogs I write.

I used a conventional loan with down payment assistance because the appraisal process is less strict than FHA or USDA and the bathrooms were barely functioning.

After informing family and friends of the struggles to have an offer accepted in the competitive market we reside in, everyone is asking "why dony you just build a home?