The height vs BFE is determined for this area and is considered high risk (as with any waterfront home that is not raised up, I assume).

With inventory tight and demand high sellers don't have much reason to give a discount.

Purchase price: $700,000 Cash invested: $30,000 The most creative deal I've put together with owner financing, low down payment, and high debt pay off.

@Derek Nieves -  Aloha Derek, tax deed auctions are highly competitive especially as a newbie. 

@Russell Brazil thanks for the shout out@Steph Potter the high bid premium is a difficult concept to explain and understand. 

High interest rates make the costs of the construction loans very high (~10% at a bank) and with mortgage rates so high, there is little buyers out there which could lead to long holding times.  

As Accountants on BP we cannot self-promote.To help in and help in the search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.

I was able to set and get the rent high enough at the AZ home to cover both the orginal mortgage and the equity loan.  

Hi all,I am currently house hunting for my first home in the Aurora, CO area and am interested in finding something with a finished basement that I could create a separate entrance for (assuming one doesn't already exist) and rent it out to tenants and make a dent in the mortgage payment given this high interest rate environment.

High property taxes might be offset by better rental rates, or vice versa.