The total project development cost is $6.8M, $1.2M for the land purchase and $5.6M for the horizontal and vertical development.

It had the wide horizontal aluminum windows(which were getting replaced anyway), and painted concrete block on the first floor and painted plywood T 1-11 siding on the second.

Maybe there are other issues here, but if I was looking for a $500K house to live in, this would be one of my target areas.Port Charlotte seems to have had a lot of horizontal development done and then work stopped. 

I purchased a house in Edmonton that has a horizontal crack the entire length of one wall as well as at least one vertical crack.The work has been repaired but the seller never disclosed that the crack was there until after I ripped down some of the drywall and exposed the cracks.There is an engineers report that says that the wall has been repaired and has been restored to "structural adequacy".They installed an interior shoring wall of pressure treated 2x6's with staggered pressure treated blocking that is tied to the floor as well as the joists.I purchased the house with the intention of adding a second story.I am wondering if it will support the second story or whether there is more that I should do before I start building.The original foundations in the area are such that they should support a 2.5 or 3 story house without issue.

did a horizontal regime so one in front one in back.. fingers crossed we maintain a healthy market in Charleston other wise you know where I will be living next year LOL 

Even if you are break-even cashflow after the BRRR, you are building up equity horizontally by accumulating houses for "free".

I am building 4 projects this year that are horizontal regimes.

It provides horizontal plates (fire-stop or draft-stop) at each floor level, which limits drafts within concealed wall spaces.

There are a lot of moving parts to successfully purchase the land, get entitlements, put in horizontal improvements, put in vertical improvements, get leases negotiated and in place etc.

I really enjoyed the credit card travel points one.It would be cool to do one different ways of earning horizontal income