Always ensure the guest or airbnb initiates the cancellation to avoid the penalty, and in this case you definitely deserve the booking revenue. 

We prepaid the fees as part of the initial investment, which we were told would be enough until the trees started fruiting. 

Our initial offer was $90k over initial asking price.  

Great topic — ground-up projects can produce strong margins, but execution risk is where many investors get caught off guard.From the builder/developer side, the biggest challenges we consistently see are:1️⃣ Site Work UnknownsFill, compaction, drainage, and soil conditions can shift budgets quickly — especially in markets where lot conditions vary significantly.2️⃣ Utilities & Impact FeesWater/sewer access, well/septic requirements, and local impact fees are often underestimated during underwriting.3️⃣ Environmental FactorsProtected species, wetlands, and flood elevation requirements can affect both timelines and build costs.4️⃣ Permit TimelinesApproval periods — particularly when civil or environmental reviews are involved — can extend holding costs beyond initial projections.5️⃣ Builder Execution CapacityProject success often comes down to the operator’s systems, trade relationships, and cycle times — not just the numbers on paper.Because of these hurdles, we’re seeing more investors lean toward ready-to-build projects — where feasibility, plans, and permitting are already in progress or completed — as a way to reduce entitlement risk and shorten timelines.Ground-up can be extremely rewarding, but the upfront diligence and execution planning are what ultimately determine outcomes.Always happy to compare notes with other investors and builders working through similar projects.

Because of this, many VA borrowers qualify for more than they initially expect, especially when they are house hacking.On the debt side, your two car payments and credit card minimums total around $1,420 per month.

Im doing all my initial research on from locations to consider, additional costs in the Florida market, and permits for rentals.

If I am renovating a property yes I want that initial bump from cost to ARV.

If you own a REIT you rely on the manager to take such an initiative, and they may raise funds in the market to do so and dilute your share in the process.3) Loan paydown: One major advantage of rental properties is amortization.

If they cannot afford the new rent and intend to leave, tell them you will reduce the increase initially if they give you access to work on it.

The main reason is that it is not initially set up for a Real Estate business like other “real estate-specific” accounting software.