But before you make that decision, you need to have a serious come to jesus about what your goals, needs, and deal breakers are with regard to:Time - how much time can you reasonably afford to spend on the investment once it's made, on an ongoing basis Control - are you willing to sacrifice a bit of your return for someone else to handle tenanting, maintenance, and turnover, or do you want maximum control regardless of your experience levelResolve - if you're inclined to be very hands-on, do you honestly know that you will be able to maintain the level of involvement long-term?

The resale value of new construction in these areas over inflates the minimum cost of entry point because a distressed house in that area is now worth what the land is worth because they'll knock down and build new.

What’s good way to handle it

Any suggestions or other opinions on the price or how to handle?

My cousin who happens to be a real estate salesperson in the tampa area has been handling things for me in a sense of contractor meetings, scheduling subs, getting quotes etc...

I haven't explored hard money lenders because I can't handle the high percentage rates and balloon payments.

I'm looking for an easy way to dip my toes in, and heard about Fundrise as an easy-entry way to do so.

Now, she handles a team of VAs doing all the heavy lifting for us.

However, you don't know what the prior owner had agreed to in writing with them, so it is likely best to have an attorney handle it for you.

Benefits: I put a sign on the lawn and in 1 week I have more groups of students than I can handle.