So something you might look at but again choose wisely don't get stuck in SOJAC stick to Madison or Rankin counties.

I can imagine if you want to purchase something, there's thousands of other areas to choose from where you wouldn't be losing so much money.

Screening is definitely an area I studied up on beforehand, and having a large graduate student population to choose from definitely gives me more confidence.

If you choose an area or decide to work with people who will take up more time due to the low cost of entry, you may end up paying more in the long run. 

However you want to rehab and upgrade this unit, so you might choose to fish add a new breaker (circuit) and fish a wire to that room and add an outlet.

He has some great YouTube videos that break down the equations, strategies and how to think about repositioning equity.

There are a handful of gulf front complexes that still cash flow positively but you need to be very careful as to which complex you choose as not all complexes and especially HOA's are created or managed equally. 

If they don't approve the project, all the time and money spent chasing it yields no return.3) Market Risk: The market can change during the entitlement process, which can also work in your favor like it did for many Developers in 2021.That's why knowing your municipality, understanding their processes, and making wise decisions in selecting which projects to pursue are crucial.Success in development requires choosing the right projects that 1) meet your criteria and 2) have a promising path to approval.The good thing is that this risk is compensated by having a higher return.

There are many duplexes and multi-family existing housing available to choose from. 

They would choose a small profit over a bigger loss.