At the current price, adding the additional lots would make them about $30,000 per lot, depending on the price of the additional utilities that need to be added. 

@Chirag Mehta For construction costs, you should be around +/- $100 PSF which would include all sitework, utilities, and going vertical with modern finishes.  

Established on line presence5.

Check out online foreclosure auctions in your state too, it is a great place to check out any deals.

Everyone on here is saying that you can do it, but it's definitely not possible if you don't have a lease in place on the unit you are currently living in or can show you are living somewhere else with a utility bill or rental lease  to demonstrate that you are not intending to live in the subject property.

The forelcosure auctions in my home State of Florida are all online.

That means if you could get $6,250/mo, have zero repairs, zero maintenance, zero capex, zero vacancy, provide zero lawn/snow/landscaping, pay zero utilities, and pay zero management.

We use DealCheck to underwrite deals and QuickBooks Online for everything else post-closing on the purchase.Quickbooks Setup:- Classes allow for separate P&Ls for each property. - Products & Services enable us to track each 'phase' of the rehab. - Projects give us visibility on my projects- My CPA can easily access the reports for tax preparation.

But i guess in today's world where things are on line and investors are used to Internet communications this is much easier than those days.

Asheville has just recently started to feel like it's beginning to come back online, but a long ways to go for a full recovery.