Our strategy is to buy and sell once the builder completes selling all the houses in the community.The base price of the house they're selling is $420K, but the model house, with all upgrades, is priced at $450K.

Here is the RENTAL REPORT based on renting 3 units out and living in one of them.Challenges:Qualifying for the necessary loan.Ensuring a profitable return for my grandparents.Request for Advice:Feasibility of the project from an investment perspective.Suggestions on managing the financial aspects, especially regarding the loan.Any similar experiences or insights would be incredibly helpful.I'm already in discussions with lenders, accountants, and realtors who see potential in this project.

Once I have your criteria, I can put you on auto e-mails and we can touch base weekly or as often as we find things that may work.    

Taxes and insurance matter as well, but at least based on the rents, it sounds like a good deal.

Doing some due diligence on a private lender based in Lubbock, TX. 

I have 6 single and MF properties with a 7th under contract and have made some tax and business development missteps that they are helping us to manage, plus advising in setting up our entities and accounting based on a deep fact-finding inquiry on their part.

Its all about finding a group that will work with you proactively and provide you with a strong ROI based on your current fact pattern.

That way you can understand local pricing/demand/tenant base along with grasping the mechanics of a real estate transaction. $50,000 would be plenty for a 3.5% down FHA loan (ie. househack a duplex/triplex), or a $200,000 single family via an investment property loan.

There are not a ton of rental properties in the area but the price seems decently competitive based on the few other townhomes I see on realtor.com The photos in his listing are not great. 

AirDNA provides yearly revenue, taking into account occupancy and different rates based on a season.