He's assuming an $80k deficit with tremendous uncertainty for recoverability.

Without sounding as if I don't appreciate the speed and ease that email affords us, I do feel that in some cases there is just no substitute for being there in person.Remember, buying a house at a discount actually requires tremendous salesmanship on your part: you have to "sell" the owner on the idea of selling you the house cheap.

In addition, I have learned a tremendous amount from Bryan Hancock and others on crowdfunding. 

If so, that would help you tremendously in obtaining construction financing.

I am a local wholesaler and I also find BP to be a tremendous resource!

Once you know the area, what there is a demand for, etc. it will help tremendously.

The bluer the state, the more risks you have on your real estate because the number of fines/payments to be made, and entities to be paid under threat of lein action escalates by the state.

That's a tremendously simplistic view of economics, and from an accounting standpoint, won't get you very far...

You'll find BP to be a tremendous resource and look forward to hearing your thoughts moving forward.

I would not forego the tremendous advantage of a yard sign on account of the neighbor.As a landlord, this is not a logical concern for you to have.