Purchase price: $99,000 Cash invested: $350,000 This is a fantastic multi family opportunity I sold my main contractor that came with stamped and approving plans and permits to build a new construction triplex in the heart of Temple.

It is mostly used in the highest priced large city markets.If doing this as a TIC, this is very much a specialty that few lawyers have experience.  

Purchase price is 1 million.

As the population continues to grow and more high income earners move here to work at Toyota, Boom, etc. the average purchase price will continue to rise making it even more difficult for first time buyers to break into the market.

You can get up to 90% of the purchase price and 100% of the rehab budget.

This should eliminate the homeowner (1) selling a property while remaining liable for the note (subject to), (2) tying  up his property with a “buyer” who has no intent to close unless he finds someone to pay a higher price (wholesaler), (3) paying above market rental for an option to buy that can never be exercised (4) purchasing a property from a fix n flipper who did shoddy rehab, (5) purchasing a property with nebulous legal title, (6) contracting for home improvement with a fly by night contractor who then puts a mechanics lien on the property and (7) “listing” with a wholesaler disguised as a Realtor who doesn’t put the home on MLS. 

No one from BP has ever paid me a penny to write a single one of the 5000 plus posts I've written here (full disclosure, @Mindy Jensen did send me a T-shirt).The reason I'm here is that I actually want to help, I'm actually looking for meaningful connections, I've actually found some here, and I am grateful.

I have been unable to rent it for about 5 months now and I am not seeing the price point I was desiring when I closed on it (around $1700-1800).

The decision of which one to use makes more sense to me now since you explained your reasoning.

If you like the Arkansas market you are in and there are appreciation and cash flow opportunities, you should focus on getting another there to make management easier because that price point is likely better than in Maine.