See if the neighborhood has changed at all.

There is nothing that prevents you from shopping around early to see what's out there.

I can say one mistake I made was while buying in great neighborhoods (up and coming) I lost equity on two where we bought on a busier street.

What quality are these homes, the neighborhoods, and the renters?

Neighborhoods on the shores of Lake Travis, in Round Rock and in Driftwood are among the hottest housing markets in the Austin area. 

Specifically, I’m interested in understanding the costs, potential returns, risks, and strategies involved in transforming raw land into a residential neighborhood.  

To start, set investment goals, analyze properties, focus on emerging neighborhoods and budget wisely.

.$100k for a 2/2 is high for the City of Detroit, unless at least Class B.So, you should take time to understand the NEIGHBORHOODS in the City of Detroit.You might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider: https://www.biggerpockets.com/member-blogs/3094/99854-deep-dive-into-metro-detroit-cities-ecorseContact us with any other questions:)

Our house is the cheapest in our neighborhood, and the Viera area continues to open new businesses and build up with new $650k+ homes.

We updated his listing with better photos and added some details about the neighborhood amenities-like the nearby parks and cafes-and it made a real difference.