We’ve always been long-term, buy-and-hold investors, we’ve got about 75 units, mostly single family and small multifamily here in central Arkansas. But like a lot of folks, we dipped our toes into the short-term renta...

Great play, becoming a bigger and bigger fan of this considering the cost of old inventory. 

well it only takes one :)  my play there on the penninsula has been scarcity lets see if that plays out on this one.  

That determines 90 percent of the play here.Here’s the step-by-step framework I use when evaluating these in-between parcels:1.

Groups that move quickly on large land plays usually include experienced land developers, family offices, private equity real estate shops, or institutional-leaning partners who already have dry powder and a track record with entitlement risk.

I'm currently playing this game at the moment.

I wanted to ask — who's really playing games here?

Hey if you had 1,000 dollars to invest in real estate what would be the most efficient route you would take ? 

In those instances yes you have to play matchmaker.

I wouldn't have borrowed money to put into the stock market as the bulk of my net worth was already in stocks, so it was kind of a diversification play...and I wanted to see if I could make money not using any of my money...since the HELOC was revolving credit.I learned that I won't ever buy a rental house in my state again.