How Rough Is Too Rough

[Wayne V.]

Hi,

I'm new to BP but as a builder and a GC, I've been working on houses for quite a long time. In that time I've been the hands on guy for investors who have done quite well with the properties I've resurrected for them. I'm ready to do one on my own and my question is whether or not it's wise to start with a project house that has a low initial cost because it's in pretty rough shape, knowing that I can save it and get it back in to marketable condition. I'm looking at areas where property values are rising and the economy is stable. Thoughts and suggestions are very much appreciated. Thanks !!!