You can double your money in one year if your property appreciates only 5%.

Purchase price: $1,150,000 Cash invested: $300,000 Sale price: $1,628,000 Built in 1890, this Old Victorian was converted into a duplex in the 70's by a talented architect who made some unique and extraordinary custom design choices (read vaulted skylights) that made this property truly one of a kind.

Note: I know that it is currently bleeding  but given the price and fixing it up a bit ,may be a good one.

The place has at least one unpermitted room and a bathroom and a few other building code violations.Does anyone know how to navigate this hairy situation?  

As a syndicator, I can say that raising capital has become much more challenging since 2022, so many deals have closed in the last two (2) years that aren't fully funded and that are continuing to raise capital after the closing.There's likely truth to the money being raised going towards reserves, which is a very important part of any syndication deal (running out of money is one of the big reasons why syndication deals don't go well). 

@Yusef PresleyI would avoid paying contractors hourly and make sure there is a construction draw schedule in the contract that clearly outlines when funds will be dispersed to the contractor throughout the project instead of one lump sum payment.

I had asked this current one about submitting multiple offers.

Revenue Per Available Room (RevPAR):RevPAR helps you combine occupancy and ADR into one figure to evaluate overall profitability.

Hehe @Garrett Brown, yet another one. 500ft view @John Underwood, more like 10k foot view!

Or figure out how projects are developed and get one "most of the way" (land leased, site planned, permitted, power purchase agreement signed) and then sell the deal to a big developer.My perspective: My W2 for the last 8 years is environmental and development consulting for oil & gas, renewables generation, transmission, and commercial RE development.