Simply put you’re priced out of Big Sky with little hope of ever purchasing. 

Do I simply divide the land (with utilities installed) and sell 4 lots, or should I partner with a builder to put 4 homes on there and then sell?

She’s not asking for any money, simply wanted to make certain it doesn’t happen again. 

I simply wanted to start a dialogue about what others are thinking in case we encounter a deflationary period and how fellow RE investors will respond. 

There are a number of criteria you can use to be more focused than simply knocking every door on a block which will in turn increase your likelihood of success.

Lots of people have money to give, but who do you want to go into business with when stuff hits the fan, or simply doesn't go the way they want.

If after you move in your side of the duplex and should you not like the situation, all you have to do is simply move out and rent the other side and be in a positive cash flow situation.  

I am worried that after the offer gets accepted, the appraisal value might come in significantly lower than the contract price.I understand that discrepancies happen, and I’m not concerned about a small gap (10-20k), however, if the appraised value would come in significantly lower (50-100k, or more), then I would simply not be able to afford this property (given my then lower down payment, and worse mortgage interest rates).I am wondering if anyone has any experience with what happens in such cases?

Can I simply give them a 30 day notice to evacuate my house or does the pandemic affect this as well?

That’s because it’s widely misunderstood, and because of that we’ll start with learning about the common misconceptions so you have a clear understanding of how IRR works.Don’t be alarmed by the following definition, because this isn’t advanced calculus, but IRR simply put is the percentage rate earned on each dollar invested for each period of time that it’s invested.