There are not a lot of comps and sales as of now but more are being built so time will tell with your ROE.

I have always done a 50/50 partnership in these scenarios.

This is one of the things that sound a lot easier than they are actually done.The crazy thing I learned about these CA fires is that the heat radiation is hot enough (1500-2000F) that it will ignite your furniture through the windows.

Every flipper has found themselves at Lowe's for the fourth time in a single day, picking up yet another piece of material for a project.

.: Quote from @Trevor Finn: Hey @Kevin M.It sounds like you’ve got a solid plan to build passive income with a focused snowball strategy!

They are often located in desirable neighborhoods and are close to good schools.

I would still do due diligence such as whole property inspection, lead inspection (depending on when the property was built), appraisal, etc. 

So it sounds like me you built additional equity into the home your living in now.

Even in philly in D class area it is tough to hit the 1% rule.

It sounds like you don't have enough information due to conflicting reports.