Do some rehab to the property to force value and rents and repeat the process as often as you can. 

However, he doesn’t have the funds available right now to move forward with construction.I’m trying to help him come up with a plan and have outlined a few options for him to consider.

So plan dispositions at least 5 years out.  

Anybody done any engineering on a planned community/subdivision.And as part of that ask, has anybody looked into one of these Crystal Lagoons? 

An industrial park is in the early stages of planning on more than 1,200 acres near Lockhart, south of Austin.

Who to hire / ballpark:• Real Estate savvy, Tax strategist/CPA for planning • Cost seg study (condo STR): fee depends on size/firm dependent• Estate plan (revocable trust package)• Hourly attorney (LLC/lease/risk)I would suggest start with a 60–90 min tax planning session to map the 12–24-mo plan, then loop in attorney and (if green-lit) cost seg.

After a few phone interviews, plan a market visit to meet them in person.

Always good to learn different approaches — especially in this market where values shift quickly.

I know this is painful, but it has happened to the best of us....paying too much to a wholesaler, going over budget on rehab, taking to long on the rehab, and during that time market changes.If your game plan was NOT to turn this into a rental, then don't. 

Always good to learn different approaches — especially in this market where values shift quickly.