You could also consider other alternative construction methods such as prefabricated buildings or tiny homes.Ultimately, the best option for you will depend on your financial situation, goals for the property, and level of risk you are comfortable with.

. $34k could be cheap depending on assets, values and location

Depends on your state laws so check that out.

Also, any insurance claim for a burnt house will take a minimum of 2 months of investigation and it can go to a long *** court case depending on the situation.

The amount of time depends on how things work in your area.

Sourcing and acquiring deals these days is a little more complex than several years ago, depending on your connections, resources, etc. 20% equity hold for all of the work you'll be going sounds slim.

The seller can disappear from contact over time and not be available when you go to sell - you need their assistance oftentimes depending on the lender.12.

@Kiersten VogtIt would depend on how much is in the deal, and what it would take to replace the whole system.

The type of tenant the property attracts will depend partly on the location of the property (e.g., Is it in a trendy neighborhood, or a more working-class neighborhood?

Flipping could be good too, but it depends on the market.