There is a duplex new build and their agent told me this.

"expect my insurance goes up', 'hope the property value will increase', 'hoping for fewer problems', A business is not build on hopes and expecting.Build a budget, is the expected return more than your required return?

Unfortunately, if it needs septic and there isn't enough room for a leach field, you won't be able to build a home on it.

With that said, these are excellent products and ones that will be of great benefit in building your real estate portfolio. 

Or are you going after 40 unit mom and pop buildings?

Hey all, I have several off-market deals (various cities) and am looking to build out a larger network of buyers.

My CoC return in STL is 10% now that the buildings have stabilized, it seems like the buildings are appreciating at an acceptable rate, and I have a team that I trust there (realtor, PM, contractor, lender). 

There is a small group of locals who are anti-STR but the good majority are pro-STR due the the fact that STRs bring a ton of revenue for local businesses and jobs for locals.Regarding summers, the temperature is the hottest in August and can get up to 100 degrees so STRs with pools do better in the summer.

The upside:  There is a lot of money to be made, potentially, and every door you add to your portfolio builds your company's value bigger and bigger (vs. sales, where it's a transaction and then it's over).

I am going to build a house on it with cash and live in it.