I have been a buy and hold investor since 2005 but this site is where I learned all things (academically) flipping wise.

My day job is Marketing Director for an international tea company, but I'm looking to add an alternative revenue stream. 

The one side is listed for sale individually for $660k, and I found this posting on Loopnet: http://www.loopnet.com/Listing/1550-1552-Perry-St-...I'm not really considering attempting to purchase it, but from an academic and market understanding viewpoint, I have to ask: Even with the crazy valuations and sales prices, is it worth this much? 

Below are some things you may wish to consider, as to which Corporate Enity is best, for your Business Model as well as your REI Goals and objectives.Flipping PropertiesIf the primary objective of your real estate business, or one of your real estate businesses, is to buy, potentially fix up an existing property and resell it within one year, the Internal Revenue Service can consider that to be an active trade or business.

Title companies do not recognize quit claims in Texas except for internal transfers such as a divorce situationDeeding the property back to the owner has it risks. 

I work at a community college assisting students that are new, on academic probation, foster youth, and/ or those who simply need resources and guidance.

It's a glass and concrete Jungle that the .1% can afford but hardly anyone else.What Brooklyn had was proximitry to Manhattan and a hip and trendy vibe along with some very famous people, including Spike Lee, Biggie, etc. here is a List: https://en.wikipedia.org/wiki/List_of_people_from_BrooklynThere is a huge spill over to Brooklyn from Manhattan and that created a huge demand and spurred development which then made Brooklyn into a destination that has become Internationally known.The writing was on the wall for anyone that was paying attention and can say to themselves....

It might be worthwhile looking into getting a home phone too if it doesn't cost much more or if it's included in the bundle especially if you think you will have a lot of international tourists (even from Canada).

Additionally the HVAC in the attic has a Freon leak and the internals of the unit were replaced under warranty thankfully.

What are typical internal demolition costs for a 3000 sq ft 2 story building?