DISCLOSURE; I am not picking on agents - I am a broker - I understand the culture - been there done that!

That is why I will not be having skin in the game in buy and holds, I ran my number and I have better returns on another avenue, only a development project will equal to what I am getting now. ~20% c/c is not enough for me.

I'm thankful I ran into BP.

I ran the numbers and with PMI, taxes, insurances, and mortgage I will be paying around $2200 a month.

Because the highest ROI is about 1000 miles away from me where I own a number of properties that make a ton of moneyI tend to buy in the Southern half of the US for 3 reasons:1) you get much higher year-round occupancy rates in the South & it’s simply tough to earn a good ROI in the North if your place sits vacant for a big chunk of the year2) Culturally, the Southern half of the US seems to be a lot more accepting of STRs regulation-wise.

However there is a culture that exists within our industry that is predicated on the path of least resistance in order to get a commission from a new investor trying to get into their first property. 

The development is a brand-new concept with a design and experience that will reflect the rich culture of the Choctaw people.The four-story, 202,000 square-foot development will include 100 hotel rooms, 600 slot machines, eight table games, several restaurants and bars, a pool, an outdoor venue with an amphitheater, beer garden and a family-friendly game zone.In addition to the resort, a 12,000 square-foot mercantile will adjoin the property offering a small market, convenient food options and a fuel station with 24 pumps.

lol :) I wanted to add that I ran my numbers though the calculator with conservative estimates the cash-on-cash return, if I were renting both units, is 20.7%.

Although I am born and raised here in South Florida I have been fortunate to have traveled the world while working over the last 4 years.My company, Tier 1 Home Buyers LLC, is primarily engaged in real estate acquisitions and renovations.Hobbies that I enjoy include bicycle riding, camping, exploring new countries and cultures, learning about history while traveling, and fixing things that are broken (rehabbing ;).This community that BiggerPockets has created seems vast and full of exceptional individuals, I look forward to meeting you out in the field.Have a prosperous week!

In 2012 I had an 04 Chevy Colorado pickup that was paid off and I needed a few thousand to invest in my business (which I ran with that truck).