Seller seems to think the vacant pads are worth very little, and of the 1.2M paid, most of that goes towards the income producing pads (with homes on them)...because the "CAP rate could not apply to vacant lots".Does anyone with appraisal experience can shed some light on this?

You are excited to implement a plan for this new property, and they are cautious about the new landlord.

The market has softened as a result of higher prices and higher interest rates.Jobs in the zip code are mainly in the services sector, including retail, hotels, restaurants and entertainment and some light manufacturing.

Project Management Software: Implement software like Asana, Trello, or Procore for managing multiple construction or renovation projects simultaneously.

Most recently, the town I was looking at passed an outright ban and is considering permanently requiring that any new owners wait 12 months before implementing an STR.

Name:- Dean (aka GOGS...it's an Air Force thing, ask me about it in person lol)Area of Expertise:- Systems & Technology Implementation, Automation, AI, etc.

From what I am observing it is seemingly reactionary to cover lower margins and out of necessity to make deals pencil.Meanwhile I am hearing this spun or disguised to help raise capital, negotiate better ownership splits or to merely keep the lights on.

Needs some light exterior work (paint, caulk, broken vinyl siding).

That could greatly increase your premiums or even get you dropped, so don't make that decision lightly! 

Also let me know if you're interested on partnering up on anything, I might be open to talking about that, I've been lightly considering looking for some partners.I've been considering pursuing mostly flips and BRRRR but also new builds for sale - but I have all my capital tied up in a couple of deals at the moment!