Neighborhoods to invest in is a more subjective topic as that is often dependent on the type of investment you're interested in, your price point and even the type of tenants, if that's the route your going,  that you are trying to attract.

The general idea is that you must acquire an interest in real property you do not already own, and since you already own the subject real property you want to build on, the transaction must be structured so that you are creating an interest in real property you do not already own (in fact, it does not yet exist).

Let's say there's 3 properties in a 1-mile radius with 5b/3b, but one is a foreclosure and the other 2 are regular conventional sales.If you're doing a comp for your subject (4th) property, do you have to take the foreclosure one into consideration?

Avid reader on the subject.

The sooner you can send offers out and get a deal in contract and past inspection at a price that works it will put you in a good position once that subject property closes.

We verify project feasibility and construction scope; and use 3rd party valuations and internal data to verify the as-is and subject to value.

I stopped reading after reading your subject line...know this:The #1 reason why landlords fail is due to their failure to manage to the lease (Source: American Apartment Owners' Assn). 

The issue was a person sold their home subject 2 and the person who bought it stopped paying.

Nothing a "subject to" enthusiast could think up? 

If that isn't satisfactory speaking at a city counsel meeting about the subject would also seem appropriate.