Now that Trump won the election, I wanted to get a discussion going about what potential impact this could have on towns along the Rio Grande Valley like McAllen, and Brownsville, Texas.The population growth in these towns has been great over the years making it a worthwhile investment.

Also, Padsplit will want you to eliminate any dining room, den, etc to add more bedrooms. 

To maximize the living space, we worked closely with the city to create egress window codes, allowing us to add an additional bedroom, a beautifully finished bathroom, and a family room in the basement.

But if we sold the land to the builder with comps close to 240k in that area, you would still make > 20 grands.

So on those projects I had to take them over and I think at best we got principal back and on one or two might have lost a few grand..

Reasonable prices, lots of room for STR growth. 

Every room looks exactly the same. 

In my head i picture a some empty room with a printer on the floor and stacks of paper everywhere, having to drive to the post office and handing them a list where they hand type every address one by one. 

HI Pinny,You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

Purchase price: $515,000 My vacation home on Grand Lake What made you interested in investing in this type of deal?