I will pay more for shovel ready lots by a long shot than a tear down.. and that usually causes a problem with the seller as they just have no clue as to what it takes to tear the house down and what it costs.

the last few post are talking about seller subordination.. in a flat market that can work in a stimulated or growing market your going to have a hard time getting a seller to do that.one there are tax implications that need to be thought out by the seller.How we do it is pretty straight forward.last deal went like this.Raw dirt 500k plus 100k to get it to prelim plat  we pay cash for all of that no debt no loan.1 million to improve it to shovel ready... we borrow that in first position.. 23 improved lots appraised for 2,990,000  bank loan 1 mil or  33% of ra dirt.. you can squeeze sometimes and get a bank to go 50%  they did give us the 100k on the first draw for our soft costsnow we get vertical loans of 240 k or so to build the homes  plus 60k for the lots or about 300k.. so new loan for 300k.this loan retires the banks horizontal loan.. and we own the last 5 lots free and clear since we are paying an accelerated  pay down.. houses selling for 450k   so right at a 70% ARV loan on new construction which is about where they like to be.now our loans are a tad higher because we put in 10k fluff and 10k interest reserves.. so as we build out we do not have any monthly payments.. so in theory we got interest reserve on the horizontal loan and we have interest reserve backed into the vertical.. so we did this all with ONLY 600k in cash.. profit a little over 2 million end of the day in about 26 months total.. 

New to this, own a duplex in Bradenton, FL.  Are

I was also curious about chores, specifically shoveling snow as I won't have any shared space with the tenants.

Companies sell the shovels to would be gold-miners for what seems cheap.

Hi guys to expand on this ,with a duplex do you have a guy come around to do snow removal/ shoveling   In the wintertime .  

But the big boys are just like everyone else hurting for land to build on and shovel ready lots..  

COA dues in FL are a killer on rentals, especially low end rentals.   

Time to hang up my snow shovel for a peach picking basket!

(e.g. parking fees, excessive garbage fees, or penalties incurred by landlord from the Town due to tenants negligence such as failing to shovel the sidewalk, etc.)