This introduction sets the stage, explaining the magnitude of the situation and its potential impacts on the market.

Additionally, I'm exploring long-distance investments to identify locations with stronger cashflow potential and a lower entry point.

This is potential schizophrenia pattern.

That being said say it takes 2-3 years to move out rents could and likely will be higher and you could potentially refi to a lower payment.

To obtain practical experience, start small with a modest multi-family property or home hacking potential.

Unfortunately, this means that I have to let this deal go, but it made me come up with a couple of questions about this situation:Does anyone have experience in partnerships where one partner's only real requirement is to sit on the loan and potentially provide interest payments when needed during the duration of the construction? 

@Bryce Henson my understanding after dealing with reverse mortgages is that the reason it’s listed too high is likely there are rules in place for selling them, there’s a determination of list price from the lender,must be listed at that level for a certain time, then they’ll re-analyze and potentially drop it if it doesn’t sell in that time frame.

I read somewhere that this was not legal in Texas.

The fees are all flat and range from $20 to $50 per violation.Rent Late Fee ($50), NSF Funds Fee ($20), Guest Fee - for guests staying more than 14 days ($5 per day), Unauthorized Occupant Fee ($50), Unauthorized Pet Fee ($50), Smoking Penalty Fee ($50), Smoke Detector or CO Detector Tamper Fee (Up to $200) [we charge $50 first time, $100 second time, $200 third time- this is allowed by our state law], Posting Fee - for posting legal notices regarding lease violations ($20).

I'm looking into the idea of potentially becoming a real estate investment sales agent after college.