Here are some things that aren't often talked about....Drive around the neighborhood and walk into the houses that are obviously undergoing a complete renovation.

In some jurisdictions you are able to demand "vacant possession" of a property or individual rental unit under certain conditions (i.e. you or an immediate family member are to inhabit the unit, the building is going to be demolished, the building/unit will undergo a substantial renovation which necessitates it being empty, etc).The answer to your second question will depend upon location.  

Colorado Springs is undergoing somewhat of a renaissance right now and it's really fun to experience.

There are also carve outs for fraud and properties undergoing a massive performance dip prior to closing.

I am a new investor - I own my personal residence in San Diego, and have a duplex in Indianapolis (currently undergoing renovation).

The app is undergoing a complete overhaul.

both of these are undergoing pretty big jumps.insurance = $2000year incl liability Again, I live in a place with high ppty insurance, but this seems pretty low for the exposure you've got.No opinion on the financing part, I'd sure want some severe due diligence before I proceeded on anything else.all cash

Some areas had been undergoing research for the last six years for development for the next six.

Occasionally we have a 'D' in areas undergoing gentrification or a high degree of rehab activity.

In your example, you created a great deal when others didn't see it by doing alot of research and undergoing a large conversion.If you want a game plan for direct mail, checklist of things to prepare, or scripts on talking to distress and motivated sellers from your campaign, I'd be happy to share.