Definitely going to pass on the multi family, but not sure if I should do a long term hold with the property as it is in an up and coming urban renewal area or rent it out.  

I currently work as an executive in the IT field and my fiancé works as a project manager in construction building skyscrapers and other urban structures.

The city is bound by an old law to prevent urban sprawl, so it's really jacking up prices, as it becomes more popular.  

I'm assuming that if it were bank owned, the bank would be listed as the owner (this one shows the Secretary of Housing & Urban Development as owner).And is there any way to make an offer on this house since it's unlisted?  

The recognize the lack of cash flow and high regulation of coastal urban markets.

Covington KY tried a urban renewal "Mainstrasse" in the 70's that has pretty much been a failure.

Instant gratification plays big in our society.

There are historic parts of Irvington that can create a pain dealing with the historic society.  

Along with my architect partner, I'm now looking at building a multi-use, both retail and residential building on a lot we possess in urban SoCal.

Many societies want you to submit your plans for approval.