Before we go into any project we price the existing comparable set of new construction projects delivered in a trailing 12 months compared to the market or zip code averages as well.

@Grace Tapfuma How high can housing prices in the City of Detroit go?

But then I was thinking to myself, the lot directly behind my current rental, in a fairly mature neighborhood, is empty. 

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

We lived in Aiken for 1 year prior to that. 

Get to work!

Building a team is something after you build the skills yourself, then teach them to other people to leverage more and more.

@David Weitzel great deal, and welcome to the forumns, I love the idea of doing a flip on my own street, seems easier to keep things under wraps but perhaps you still had contractor issues it sounds like?

For a bit of context, my wife and I recently moved to Tennessee and after renting for a bit we are just about to close on our first property.

@Anthony LafataPlease click on Get Started menu on top of this page and go to Pro Partnerships for our Home Depot discount.