Good day everyone,I am very interested in buying land to build a cabin(or a few for vactional renting ) as the summer getaway, must be closer to nature and quite close/to a good small town.

My rental is in Upstate NY and I have a great lawyer that I could refer to you who could help you draw up the appropriate lease.

What made you interested in investing in this type of deal?

Is it legal in Oneida County in Upstate NY to charge tenants a flat rate for utilities?

What made you interested in investing in this type of deal?

Hey Ryan, great question, all the banks were anticipating the drop between 25 and 50 bps.  

Either option is good but they both have pros/consNEW BUILD - You'll have all those warranties, 1 year, 2 year, 10 yearEXISTING HOME - You might have more freedom for what you can do with the house, no HOA & larger backyardA lot of new builds are offering interest rate buy downs that are lower than the regular market right now.  

I am interested in how Orlando is doing however. 

They seem to be more responsible, and the setup gives you some flexibility that you don't get with either market rate or tenants with 100% paid by section 8. 

If you are interested in STR, that is a great path to go down this year.