I do think it is important to note here that I offer specialuzed service that prepares properties for the next owners/tenants, post-construction, showings, etc.

There are schools all over, including Wilmington for sure. https://dpr.delaware.gov/ has all the details on schools and requirements, typically the schooling can be done online and then the test is done in person at a testing center. 

The broker found a lot for sale that appraised at about $60,000, but since land wasn’t selling without owner financing, and the seller needed cash, he accepted an offer of $18,500 for the land.  

Plus, you’re going to love the beautiful scenery Tennessee has to offer!

It was an "as is" property, so we came with our best offer for the investment (2021/2022 was a wild time of over asking deals!)

NEGATIVE cash flow.Note: The home is already 100% furnished, so there is no need to buy furniture.Appreciation and Loan Pay-Down:I would offer $550k as the purchase price.

I work with a lot of househackers in NYC and typically my advice to them revolves around asking yourself whether you see yourself in NYC in the long term.

If this is a true investment property, you would typically need a 15% down payment minimum anyway. 

@Jill DavisTypically banks (depository institutions) are most competitive with jumbo since these programs are typically portfolio products.

Kiran, real estate is arguably the best long term investment that is offered.