We have 1 rehab project underway with an estimated profit of 30-35k (we are in a 50/50 partnership so profit will be 15-17.5k each).

My curiosity was peaked, the listings on the MLS seemed to further support what he said, and census data indicated that the population decline that occurred there is likely over with efforts underway to revitalize that market so I reached out on here to try to learn more.

I am working on getting my first deal under way, looking for JV to get at LEAST 10 doors by EOY.

Remodeling is currently underway.

But like you said, they do give a nice ball park estimate to get your analysis underway.

I would think planning is well underway even though production is still three years away.

As the renovations were underway, we started having minor structural issues that have put all renos on hold until we discover what needs to be done.  

Now we get our first deal under way, kind of fishy. 

The project is already underway and is expected to open in the summer of 2014.

I know a developer that will say East Boston is already well underway to appreciating.