Going to real estate networking events is a great way to see what works in your market.

They will only discount so much and your reputation in that market will take a hit if you really cannot pay your contractor.  

Keep in mind that if you burn all of your equity in your home and the market where your home is goes down, you own something that is now a net negative if you sell.

Found a buildable lot in a gated resort community  seller is just wanting to get rid of after 13 years (seller is older and not using amenities any longer)   Lots are cheap, couple grand   Seller only used it for owners rights to play golf, pools, tennis etcWould cost me closing costs, $50 month hoa, $50 year taxesIs there a market for something like this? 

Max price point would be around $350k but the lower the better.Any other emerging markets / cities in the US that would be good to get into?

The best strategy I see for it is as a Luxury STR, I’m just not sure the market supports this. 

Being nit picky and requiring the repairs is the new norm in todays market in my opinion.

I’m looking to see if the mid term rental market is good in that area?

I am currently in the market of buying something else, thinking about downsizing to a condo.

She'd have to invest some money to create this set-up. 3) Selling doesn't make a lot of sense, because in this market, she'd end up paying the same for a small place, condo, with less flexibility.