If you want to be extremely safe and buy a 10+ year NNN leased health system credit rated deal, you can find them all day in the 6-6.75% cap rate range nationally.

If not, maybe your next lease will have a new clause addressing threats.

Financing provided by FHA would have to meet their health and safety standards and any good real agent will let you know that you have to repair a ton of things to even get funding to go through but in theory yes you could do this if the home didn't have and issues at all (hvac, plumbing, expose wiring, loose handrails, electrician, broken garage, leaky faucets, etc etc)Conventional financing will be a bit looser with minor repairs but you would still need to address the major items that would cause value to be affected like plumbing foundation, major electrical, roofing, structural,Etc.

I am not attempting to compare area or other methods, only rehab vs. spec build which is your threat title.I was hoping for some of your feedback (and that of others) regarding the two (now that I posted one here) regarding the investment numbers, COC, cash amounts invested, time, etc.

In all seriousness there are health concerns that are associated with bats and their droppings.

The threat alone may cause them to pony up.

Pinnacle employees that quit or were let go for catching on were kept quiet with threats of lawsuits for libel and/or defamation against them.

I never "quit" my real job because it paid for my cars, health insurance and an easy way to fund retirement accounts.I still do 3 or 4 rehabs/flips per year, might do more if I found them.all cash

By the same token, someone buying a 200k house obviously makes way more money, is generally more stable and could afford a major repair on the car or a health issue without essentially having to decide what bills to pay and which ones to let go, at least temporarily.

Her $5,000 loan ballooned to $10,000 in 2 years and she was receiving threats to foreclose.