Sometimes, the numbers just don't add up, and it's okay to feel bummed out about it.

@Kim Durst Potentially you could take the $10k, then have another $10k (or whatever amount you feel covers your cost if there are further issues) held in escrow.

@Madison Roberson you would get the Assignment contract through your network, but I can help, feel free to reach out.

Feel free to message me!

How would you feel in their shoes?

I would be happy to answer any loan related questions for you as well, so feel free to call or email me anytime. 

However I feel that I lack the knowledge to get started, if anyone has done this in my area I would love to hear your opinion if its profitable enough to be worth the time and trouble.

This rental property will be designed with a keen focus on generating a healthy cash flow.Project Blueprint:Budget: Allocated at $200,000, covering construction and all related expenses.Focus: To merge energy efficiency, durability, and tenant comfort with cost-effective construction strategies, making the rentals both affordable and sustainable.Location: Currently scouting – I'm open to suggestions and insights on ideal locations supporting this vision.Strategic Planning:Efficient Design & Planning: I'm considering compact, multi-functional layouts to optimize space usage and incorporate cost-saving construction methods without compromising quality.Sustainability & Efficiency: The plan includes investing in top-notch insulation, air sealing, energy-efficient systems, and sustainable materials to reduce the building's carbon footprint and operational costs.Budget Management & Cost-Saving Initiatives: Careful budgeting and exploring value engineering options are crucial, alongside seeking out grants or incentives for energy-efficient building projects.Community & Sustainability Goals: To create shared amenities to foster a community feel and implement systems encouraging tenants to monitor and reduce their energy consumption.Seeking Community Insights on:Cost-Effective Building Strategies: How can I ensure the project remains within budget while achieving high sustainability and efficiency standards?

The only thing I can't afford is for my guests to feel uncomfortable in my property.

My gut feels that this client will be my long term tenant and I should wait for her.