I do have a very specific and curated buy box, so I know what i'm looking for in terms of zoning, lot size, buildable/improvable sqft, location, etc.With that being said, do you still not recommend going through sheriff sales?

Comps do not lie, if she pulled similar ones then that's what it is but if the agent did not take into account the bedroom and lot size that would change the value.

So depending on if you are using it personally and want to have it pay for itself or you just want cash flow will help determine where you should look and what type/size home you want to consider.Please reach out anytime and let me know if I can be of help.

If you building 2 , again depending on your lot size and projected finishes. 

The group is full of those that do that and the people range in size.

@Logan RheaReasonable budget for a cosmetic only renovation of that size.

At 70% LTV that loan would size around $44 million (less if cash flow causes a coverage constraint). 

You and your partners are going to do nothing but put food on the table for your GC, Agent & PM.

Their job is to keep investor capital allocated and returning, so there's only a deal if they can actually redeploy the capital into something better.As a buyer, you need to establish a lot of credibility for a deal this size.

The one big caution I would have for investors on the design is don’t make the room size too small.