Lacking the capital and building experience to develop it ourselves, we want to offer the backyard as a "Developer Special" on the MLS.We’d rather not risk demolishing our home at the front of the lot.

These are just the ones I am more familiar with.I still like AZ, but will probably eventually retire elsewhere as you start to feel dried out with the lack of water in the environment over time.

Personally, give it this thread, I'd be more concerned about your lack of experience than just about the costs.This is a big undertaking for a first project, and not only will you likely deal with complex budgeting issues, but you'll also deal with a complex build and regulation that is for more complicated than your typical single family development.

Lack of grit is nowhere in my vocab.

The building represented good value and is consistent with my focus on $2M-$5M total cost projects where there is a lack of natural market participants in the Philadelphia market.

Lol, 'the 70s were a weird decade fo builders and the lack of any particualr style is a setback as well.

The statement is lacking some details. 

The good ones create a synergy and each partner brings something that the others lack to the table. 1) 5 houses, 5 partners.

If those cards aren’t good then I’d just look through your cards and decide how many I was going to keep and make sure my logic was solid and if I had debt on them work to get it paid off and then like you said just let the rest die off from lack of use!

I get a lot of calls after an unexperienced loan officer drops the ball and a customer finds out their loan dies due to lack of communication up front on the application.