I think the Margaritaville development is something like 3000 acres.Rents have remained low with all the build jobs, but a lot of that is almost cleared out, so hopefully rents will pick up this year and next.i have mixed feelings about new builds. 

Guess which one came back low

I know there is a FMV that Section 8 Housing Authority looks at but I don't know where to find it and it seems like the current rents are low.  

But currently the banks have really put themselves in a once in a lifetime situation. 40 percent of homes are owned outright and another 50 percent are low intrest only the homes purchased or built after 2021 do the banks have anything control.

You'll need a 580+ credit score, 3.5% down payment, closing costs (2-4% of purchase price depending on credit score and state), and a DTI of no more than 57%.

@Elton Tate first, you need to understand the difference between loan fees and transaction fees.Areas E, F & G are outside EVERYONE's control and you'd pay all but G if you bought with cash.So, your Closing Costs are really only $5,932Now, $200 for a credit report is crazy unless they are pulling Dunn & Bradstreet on your LLC.Title charges, except for closing fee, are regulated by the State of Michigan Insurance Division.Why aren't you working with someone that knows all this?

I have paid/settled everything and have few credit cards and my fico is in the low to mid 600s.I have pretty decent income ($400K+) and am interested in starting off small.

If you have low equity and low cash flow then that is not a good situation. 

(Sometimes depend on the market, I even throw in some bonus such as if they sign a lease renewal before end of the week we can get them some rent credit for the upcoming month, if the market is hot then I won't say anything) 

.- not buy in a seasonal market, or if i do, ONLY expect to generate $$ in the peak season when i run my numbers- buy something with very low overhead (not an expensive SFH)- make sure it cashflows as a LTR (have a backup plan)- do a more creative stay (glamping, redone vintage camper, etc)