Like most things in life there are positive and negative aspects on any feature.

You definitely don’t want open permits but I don’t know how you make sure others didn’t just expire, I guess ask.  

Purchase price: $74,000 Cash invested: $30,000 Beautifully renovated 4-bedroom split-level home that features a new galley style kitchen with 42" soft close cabinets, stainless steel appliances, recessed lights, updated baths with modern vanities and fixtures, large living room that leads to separate dining room off kitchen, three spacious bedrooms on 2nd level with modern decor, large lower-level family room with ceramic tile flooring with well-placed laundry cove, and recently laid sod in front and rear of property.

@Karan Shah Plano is definitely in high demand.

You should definitely consult with a local eviction attorney throughout the process.

Two big ones are the high minimum investment and the challenge of vetting syndicators and property deals.

The high down payment is necessary so that the DTI ratio is within the range to be qualified for a conventional loan. 

(kinda scary to be leveraged at such high LTV) (right?)

This increase in dollar volume underscores the robust demand and high value of Miami real estate.List Price Success: Sellers received 97% of their original list prices on average, maintaining a steady rate from last year.Speed of Sales: Homes moved faster, with a median time to contract of just 28 days (a 6.7% reduction) and a median time to sales of 70 days (a 1.4% decrease).Inventory Levels: Active inventory rose by 27.3% to 3,864 homes, and the months’ supply of inventory increased by 33.3% to 4.4 months.

If you're in an area with high demand on contractors you'll probably pay a higher per sf price than in some other parts of the country for a new build.