@Bruce Yin -  Just echoing the sentiment in the room here. 

@Andrea Cole, I echo the other sentiments above.

@Jonathan Smith Your point echoes the sentiments of many contractors and builders interviewed prior to pursuing the idea.

I second @David Acosta sentiment/idea. 

I do want to keep the house for sentimental reasons (i know).. 

It nets us about $10k a year but has over $300k in equity tied up in it (value is about $650k, owe about $350k)We can sell it now and pull out about $160k from our equity without capital gains taxes, and use the remaining $140k in a 1031 exchange.I'm sentimentally attached to the house, it's walking distance for easy management, and we have great tenants.

I disagree with your sentiment that OZs are bait for a developer to attract capital for its projects.

Investment Info:

Single-family residence buy & hold investment in Indianapolis.

Purchase price: $1,000

This property is a vacant lot that is zoned residential.

What made you interested in i...

price going up or down.. lowest listed in a market Highest listed.. then a little speedometer thingee that gives market sentiment.

Sorry for your loss.I would say if you don't have any sentimental value wrapped up in the house, sell it, give mom some money, and use the rest to start investing elsewhere.