The vibe of Biddeford has gone from burning garbage in a decimated downtown, to boutique hotel and trendy restaurants in very few years.The apartments in town were built for mill workers a long time ago.  

@Richard Bautista could be legitimate, but could also be a "churn & burn" situation.How will you know the difference - before it's too late?

A kitchen fire in the back unit got a little out of control and burned up to the roof.

Spent all of the "Dry" season clearing land, bulldozing, burning, discing, then plowing rows.

I had listened to Jorge on podcasts before I invested and know that he had misfortunes in another business which he detailed in Burn Zones. 

What’s worse is many investors who do get burned become afraid of investments in general and keep their money “safe” at bank rates of return.  

Quote from @Matthew Becker: Do the rivers still burn in Cleveland? 

You would want to know if anything was ever built on the land (maybe a house burned down) because if there was a house then you would have potentially buried septic or oil.Buying and holding a lot for the future with topographical issues is only worth it if the price is negligible IMO.

Let's say you burned through $150,000 in appliances and "more costs", ya still have $500k vs $250k. 

No risk, unless someone burns it down.