But if that Ferrari could bring in a return as an asset, rather than being a liability, and it puts a good amount of monthly cash flow in your pocket each month then someone with an entrepreneurial mindset and business plan for it should think about buying that Ferrari. 

Stay updated on market dynamics, interest rates, and economic indicators that can impact real estate investments.Set Goals and Take Action: Define your short-term and long-term goals as a real estate investor and create a plan to achieve them.

My biggest surprise in trying to fix this is that the administration fees went from approximately 10% to 30% on my revised quotes.  

Are you planning to force the tenant to buy the property?

How long are you planning to hold this property?

Much like the tax implications of any investment vehicle or retirement plan.7. 

The idea is to create cashlow and wealth through equity and appreciation so the plan we can build few units , sell them and split profit 50/50, while I am the boots on the ground overseeing the process of building from start to finish, meanwhile the partner brings 100% of funding. 

Anyway, I'm confused on the operating plan.

My sister lives in the area and I can't imagine anyone planning a vacation to the Ozark Lakes over Branson.

Perform comprehensive due diligence, such as financial analysis, title searches, and inspections; also, go over lease agreements with renters to make sure they are aware of their rights and responsibilities.If all goes according to plan during the due diligence phase, close on the property, complete the financing, and get ready for the ownership transfer.