The custom builders in the area are very competitive and are offering pretty inexpensive builds vs comps.If the lot was purchased recently for 20K and the turn-key cost to build is $200K, after I close on the house (bank said appraised value would be 220K), would a new buyer have problems with it getting appraised over $220K even with other comps selling for 300K+?

The key part to my opinion is that you have a single-family home with shared space, as opposed to a duplex or a two-level house which would be two separate "dwelling units."

He is a minimum wage worker with no handy skills, so it would be hard to partner with someone that doesn't have the resources to move us forward.  

“Operators are pricing to move units…National year-over-year rent change has fluttered around 0% for 11 straight months.

Meaning will it wipe out the majority of your write-offs moving forward?

Let me know if your looking to move forward with it!

We told tenants and they moved out May 31st.

I was wondering if you moved forward on investing with FNRP?

Considering tenants are more likely to move during the summer months, do you think it's wise to schedule leases to expire during winter months?

Networking is key in this industry, and I'm eager to connect with like-minded individuals who share my passion for real estate investing.LET'S CONNECT and Grow together!!