Southern border of the land is Wilson Creek (a large, well established, full time creek with old growth trees)Approx 1 acre of non-recoverable flood zone along length of creekTwo small ponds on the property, which can be filled in to utilizeSmall neighborhood to East of property line with utilities ready and available for project Currently a couple of older homes and barn structures on property (100% liveable and well maintained)Wilmeth Rd is currently expanding down the block to a 4 lane road which connects to Highway 75 in McKinneyLarge developments are underway within a 1/2 mile to 3 miles out radius<4 miles to Costco, ChickFilA, WholeFoods, Cinemark, major hospitalAT&T Fiber and Atmos Gas at front of propertyA water well can be run, if desired, or tap into the city's water (currently on city water and has large main at front of property)A CE firm has drawn up plans for a small, 12 home, 3/4 acres development.

He has older home(>10 years) with >100K equity.

If you were a larger user of a particular plumbing service, such as 120 apartment units with older plumbing and frequent issues, or a McDonald's you might expect a little better service.Good Luck!

Ziprent found me a tenant with an 800 credit score in 7 days near the top of the market rent for my condo during slow season!

You could also time your Airbnb days during peak seasons to make the most of nightly rates, then do MTRs the rest of the year.

I know where you are coming from when you say that but i am a season investor and know how to tap into and access that equity.

I was told by one client that he uses current net market value to calculate ROI for this purpose so he can fairly compare his older properties with low acquisition costs to newer properties.

Older home (1940's) and it is not newly renovated. 

Today, there are about 1.5 months of inventory for our target property segment.There is a typical seasonal increase in inventory, but it remains a strong seller's market.

I have seen older posts from others saying they pay as low as $175 per pier.