The Phoenix Metro Area has about 300,000 snowbirds every year with a MAJOR fiscal impact:https://www.bizjournals.com/phoenix/news/2017/07/17/this-country-s-tourists-contribute-2-4-billion-to.htmlSo the county's leadership would have to be absolutely in career suicide mode to push for something like this.

you have to live there the "majority" of the time... and it's based more on intent then anything else.

We could possibly pull out all of our money in this scenario, but more of the cashflow would be gone due to shorter term.I could also look at hard money loans here, just haven't explored that option any more than the 3 featured for my state on Bigger Pockets website.  7% at 30 years seems to be what is coming up.My partner and I would consider private funding or even giving up a majority of the deal to put none of our own money in as two other options. 

In order to convert the house into three units it will need at least $ 105k in rehab.I believe a savy investor can turn the current property into three units plus develop the two l0ts and build two duplexes or two single family houses ( arv for the area 2/2 130-140k 3/2 160-185).most houses in the areas are rental properties although is a very convenient area close to all major highways, MLB Statium and 15-20 minute drive to city capital (Atlanta). i would like to wholesale this deal or possibly partner up on the deal..

I see a lot of flippers come in and put $$$ into cosmetics when the foundation is in need of major repairs!

Macbooks are a standard in the real estate world and if you have an iPhone then just stick with Apple products.

If you're new and not local you're going to have a bad time the majority of the time.....

Some people (like my local market) but at those ratios but they do it with major rehabs or large downpaymenrs 

No coaching or selling product, just buying and selling wholesale deals.

There is a BP book called the "book on flipping houses" that talks about all the major systems and repairs required to flip a house and some rules of thumb for costing.