My land is also buildable and I have plans from an architect for a 3 bd/2 ba home which would cost 300k to build (it's in CA) and is in an excellent STR location...but I'd need a construction loan to build it.

And you need a trustworthy cost segregation provider.With permission from my client, I am sharing a story how a very well known cost segregation provider recently destroyed that trust.My client bought a multifamily property and did extensive renovations to it.

We are outside of the standard build warranty, but are continuing to discover MAJOR corners cut, and getting repairs and pre-emptive fixes is costing us lot.We are estimating $20,000 in total expenses that we are going out of pocket for due to poor workmanship.

TenantCloud is cost effective, starter property management software you are can with.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

I received an estimate to make room for a hot tub that does NOT include the cost of a hot tub.

Based on conservative estimates, I anticipate the property will be worth double what I offered and will net at least 2x current net.

@Jose Jacob Does this 1% here mean the percentage of the total cost (buying price + renovation).I see a lot of 90K houses but they might need another 40K in renovation.

Estimated national avg roi of about 60%https://www.zillow.com/learn/should-i-replace-my-roof-before...2.

(I see this a lot, for instance, a contractor operating and giving estimates under his name with the license of someone else even under the same corporation but the licensed one is nowhere).