Sure he had to make some speculations on whether developing a new building would generate more cash flow, but he could easily calculate comps of nearby rentals, find out the cap rate and figure out whether the construction costs would exceed the value of the developed property.I wouldn't say hoping for natural appreciation is bad, it just depends on how much risk you are willing to take and how well you know the market.

Is anyone in NJ or nearby willing to help me?

I recently dropped out of my University and moved to par-time in my near by community college. 

For the record, at hotels, do not store your luggage on the floor or nearby the bed.

New construction and total rehabs nearby are going for $200,000+.

New construction and total rehabs nearby are going for $200,000+.

My partner and I are under contract to buy an apartment complex and it happens to be in an opportunity Zone we didn't even know it when we went under contract for the apartment complex and some nearby a couple of other complexes that we have and this one just happens to be in an opportunity Zone doesn't even appear to be a rhyme or reason as to why it's in an opportunity Zone. that being said it's not a redevelopment project and we're not going to be able to take advantage of the tax credit because there's no way that we can put a hundred percent additional Capital into this particular project but what it did is it got us thinking there might be another property nearby that does need that kind of redevelopment and so now we're actively seeking other properties in that same area that will help us build our existing portfolio and potentially get significant capital gains tax deductions at the same time.

@Joshua Hollandsworth If you don’t have your real estate license, find an agent who is willing to provide you with a market analysis of comparable properties - both in the same shape as your property currently, and in the same shape as the updated property nearby (but without the perks your property lacks).

It depends on a lot of factors like how your unit is priced vs others nearby and obviously where in Lawrence it's located.

In my experience, NChs will cash flow the best or have the higher cap rates, however, has seen much lower long-term equity growth in general over the last fifteen years compared to some of the nearby communities that do not cash flow as well.