Has anyone Developed a Paper Lot project in Fredonia, AZ?

I don't want to get too caught up with Airbnb for this project.

Those that respond “$0” or something ridiculous, you can request income documentation from them to justify.Don’t be afraid to share with them how much your property taxes & Insurance increased and that YOU cannot afford to absorb them.ALWAYS get an increase or something of value annually or tenants will start thinking they should never have an increase, making future increases that much more difficult to negotiate.

I have a property manager in place (one recommended by RTR) and he suggests (i) new build supply is way higher than demand (ii) realistically (if at all we find a tenant) we should target a rent of $2100 vs $2500 projected by RTR.

Looking to gain more knowledge in real estate investing with hopes to own a couple of properties in the future.

@Blair Bennett You need to calculate your Return On Equity ((Cash Flow + Principle Paydown + Projected Appreciation)/Equity).

Maybe she just wants to make money off being my property manager in the future.

Consider working with contractors or renovation specialists to obtain accurate cost estimates and assess the feasibility of your renovation plans within your budget constraints.Risk Mitigation: Keep in mind that renovations come with risks, including cost overruns, project delays, and unforeseen complications.

Are there any tax implications or other considerations if we use this loan for our personal home project?

To start out I want to find something to fix and flip that won't be a huge project just to kind of get acclimated.