You can still find properties in the $120–180K range that hit the 1% rule and cash flow right away, and the appreciation has been strong because of all the development.

The development is over 50 units all being sold to investors as rentals.

Also, its very interesting that its a partnership between a Houston Developer and the State of Texas.

NIMBY, not in my back yard, has been an obstacle for development.  

There’s also great appreciation potential because of all the development happening around the city.

The city is experiencing rapid population growth, job growth, and major developments from companies like Intel, Amazon, Google, Facebook, Honda, Microsoft, and LG, which keeps rental demand high and strengthens your long-term equity.

Nor can you expect a house that needs full sourcing including exterior backyard development, to a fully outfitted game room — to be $100.STR Designers are vital — we bridge the gap with real estate acumen, professional design (and yes we are different than traditional interior designers!)

Orange County Tourist Development Tax (TDT) ~6% on short-term rentals of less than six months. 

Oregon WA.. there was a huge boom in the post war 50's to 60s  ergo they made the movie Glen Garry Glenn Ross.. were developers really marketed this stuff.. also its what created Florida.just look at Lehigh Acres  300k lots platted recorded roads pushed through no homes.. those lots are traded still to this day back and forth up and down just talk to @John Thedford  he lives there.and literally every state and county has some land developments that never built out.. my first ten years in real estate from 18 years old to about 28 that's all I did was sell land.. land in those days 1975 to 1985  was the low value rental of today that is so popular in the mid west.. by 1980 houses in Cupertino were I lived were already north of 100 to 150k and by 85 were 500k.. so its the exact same sentiment you see on BP daily...

Once the downstairs is complete, we will look to either sell or partner with a developer.