Proximity to a nearby course alone does not qualify.Investor considerations:• Attracts a loyal, higher-income demographic• Strong potential for destination travel, group outings, and repeat visitation• Revenue streams extend beyond rooms (green fees, memberships, food & beverage, events)Key risks:• High ongoing maintenance costs for course operations• Seasonality driven by climate and regional demand• Requires professional turf, water management, and course operationsInvestor takeaway:Golf resorts operate as lifestyle assets, not just lodging.

We’re evaluating a property that is a legal 2-unit with an in-law suite and would appreciate feedback from those who’ve dealt with similar setups.Current conditions:Legal 2 units + finished in-law suiteOnly 2 gas meters currentlyIn-law ceiling height is approx. 6’2”In-law already has a kitchen, bathroom, and bedroomNo dedicated heating or cooling for the in-law unit at the momentWhat we’re considering:Installing central air / HVAC for all 3 unitsPotentially adding a 3rd gas meterLooking for insight on:Code and permitting considerations (especially around ceiling height)Pros/cons of tying the in-law into shared HVAC vs separate systemsWhether adding a 3rd gas meter is typically worth it (cost vs rentability/value)Red flags you’ve run into with in-law units from a resale, appraisal, or inspection standpointWould love to hear from anyone who’s rehabbed, owned, or sold properties with in-law units — especially in older buildings.Thanks in advance.

Even in our relatively low interest rate environment, an investor who knows what their doing will want no less than an 18% annualized return, bringing your note sale price to about $45,000.IMO, to sell for more you’d need to find a relatively new, unknowledgable buyer who is mesmerized by return without consideration of risk. 

As a family we do not speak nearly this much monthly now, and I guess one major consideration is healthcare in the future.

As you evaluate your options, here are 2 key considerations: 1) The buyer must be VA eligible or approved by the lender and assumption transactions often take longer than a conventional sale.

Quote from @Johnny Link: @Jason Malabute thanks for calling this out, do you mind going into a bit more detail on some of the key considerations for whether "some or all of that benefit" is taxed upon sale for those of us less familiar?  

= 20-40k-- Capex (target 1% of capital) = 10k-- TOTAL = 47.5-67.5k- CASH FLOW (YIELD) = 32.5-52.5k (3.25-5.25%)Based on that math, it's considerably better/higher yield to switch to STRs compared to the $15-24k cash flow in my LTR.

In Indiana the clean answer is you do not need a license to lease out and manage your own stuff, but once you start doing sandwich lease option style deals in a way that looks like you are brokering for someone else or getting paid to put deals together, you can drift into the part of the law that says you cannot negotiate leases options or sales for consideration without a license.

I’m looking for some insight on how to structure an offer on a Fannie Mae REO I’m interested in, especially given some discrepancies in how the property is being represented.Key facts:Current listing: Advertised as a 3 bed / 1 bath at 1,850 sf.Issue: That square footage appears to include a partially finished basement, including a “room” with no proper egress, so it should not be counted as a legal bedroom or finished living area.Prior listing (2021): Previously listed as a 3/1 at 1,572 sf.Fannie/FNMA record: Federal National Mortgage Association currently has it as a 2/1 at 1,368 sf, which is much closer to reality based on what I’ve seen.Pricing history:Sold 7/14/2021 for $450,000.Trustee’s Deed consideration amount: $347,000 dated 10/18/2024.REO list price started at $489,900, then dropped around 2/16/2026 to $484,900.First Look: First Look period expired on 2/20/2026 at 21:00, so investors can now submit offers.My main concerns:The current list price seems to be based on an inflated square footage (counting the basement as living space) and as if it’s a 3/1, when in reality it’s functionally a 2/1 with a partially finished basement.Comps in the area should really be adjusted to the ~1,368 sf, 2/1 configuration, not 1,850 sf, 3/1.Fannie paid effectively $347K (per the Trustee’s Deed), but is trying to list it close to or above what it sold for in 2021, when it was arguably misrepresented then too.What I’m thinking:Have my agent pull comps based on 2/1 and ~1,368 sf only, ignoring the basement as finished living area, and value the property that way.Back into my maximum offer using:ARV for a 2/1 at ~1,368 sf.Less repairs/updates needed.Less my desired profit and holding costs.Use the misrepresentation of square footage and non‑egress “bedroom” as leverage, both in the initial offer and during any inspection/renegotiation.Questions for the community:For those who have bought Fannie Mae REOs recently, how aggressive can I realistically be on price once First Look has expired?

We’ve spent considerable time researching the process and believe connecting with someone who has firsthand experience would be extremely valuable.We would greatly appreciate the opportunity to speak with someone who may have knowledge in this field and learn more about your experience using VA loan benefits to build a real estate portfolio.