That income you are making now, is already being eroded by inflation and will continue to be eroded as rates fall.The answer to all of our financial problems is cash.  

Keep in mind by building and then selling the home you are going to be taxed at STCG (effectively ordinary income) whereas the land, could be taxed at LTCG.

While I can’t entirely say for credit score, a good rule of thumb I’ve found is to have paystubs that verify 3x rental income in monthly income for whatever tenants are paying for property.

From a gross income perspective I think Holden is better but from a price point perspective Oak Island is better.

I recently got 2 lots for under your combined annual income (each), that I am planning on turning into good money making potential.

Hi all, Do you guys pay income tax on the rental properties you own in the city of Cleveland?

You are asking some great questions and the best answer I know to give you is that rental income & expenses can be more predictable in a condo and attract a greater pool of guests. 

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Rents are higher, income is better, appreciation is higher, your basis is lower, and you have much more equity to recycle that cash.

Can take a hard money loan option no income no doc at 30% down on the purchase getting the 100% of construction