Excellent overview for us here in Houston, thank you

What makes it interesting is it has several parcels of land with the sale of the house which we could probably sell off the larger parcel for about 25-30% of the total purchase price.I know the basics of Section 121 but I'm trying to understand if there is a way to extract value from our equity position in our current house to make this a better choice than finding a straight rental.Current house Purchase $215K Current Value $280-290KOwe $160k 15 year mortgage at 2.75%Mortgage + Tax + Insur $1450Possible Rent $1800-2000Possible Live-In FlipPurchase $300KRepairs ~$20k-40kARV $325-350k (excluding land to be sold off)Land Parcel Value to be sold off $80k-100kI would love to hear your creative thoughts on this situation and how I can optimize.Thanks!

The Complete Guide to Buying and Selling Apartments is excellent.

Great price per foot and excellent cash on cash return / monthly income How did you find this deal and how did you negotiate it?

In my gut there was something off but maybe i was scared or nervous to make the wrong choice?

@Julie Verardi  are they obligated to shovel and get a $40 discount each time it snows or do they have a choice to shovel or not? 

If incomes don't keep rising, prices will soon hit a ceiling.Second, and related, the Fed is becoming increasingly hawkish -- they have no choice but to increase interest rates this year to fight rising inflation.

Its also excellent and was essentially my playbook for doing out of state BRRRR's. 

But I’m already making the rehab project plan in Excel.

@Julio Ibarra @Michael Dumler's advice is excellent.