but usually in Charleston I am paying 100 to 150k for lots spending 250k to build and selling in the 5s  in ORegon I pay 70 to 130k for lots spend 170 to 250 building and sell for 350 to 450k.. pretty normal ratios.CA ratios are inverse at least in the coastal areas..its simply SUPPLY DEMAND and HIGH wages.Charleston is simply world class area and people come from all over the world and want that inner city charm I think almost half of the 30 or so we built there sold for cash or very large downs..

It worked like a charm.

Melissa, This worked like a charm.. my description is beautiful now thanks to you!

The few HC zones around here are (obviously) convenient to the highway, but perhaps lack the charm and outdoor access of a more rural property; there are more rural zones (that are less $$/acre by far), but are often along dirt roads that are perhaps more dicey in winter (we get a good amount of snow here).Anyhow, this is very early in the idea stage for me and I realize this would be a long, long road ahead.  

In order to receive them, you must first prove your worthiness by developing a relationship with them and/or winning them over with your charm and personality.I have brokers and agents give me codes all the time, many of which I have never met in person, but while on the phone, I prove to be a real investor, someone who can be trusted, and someone who will perform.

But always keep this in mind: All of the most charming, desirable, and expensive urban neighborhoods "in the old part of town" were laid out and built by profit seeking developers before zoning was even invented.

I am also invested in the McKinney area - the downtown area is charming and has a fair amount of original pre wwII housing stock in its historic district.

If I had the opportunity, I'd definitely invest there and enjoy the tax write off of a nice lunch in one of their charming downtown eateries once a month!  

Here's the property:$1.1 M purchase price9 units totalx4 0/1 studios (low rents for area)x1 1/1 (empty needs to be gutted and rehabbed)x4 small Retail spaces 500 SF each - (street frontage, charming area, mainly residential but on a street with some retail, theres a significant amounts of foot and auto traffic)$600k down with $500k loan (this is due to the property being mixed use and the empty spaces) for $1.1M total in.GSI is currently 60k but could potentially be 100-110kI think it could be appraised for $1.3-1.4 after it's been renovated, rents raised, and retail fully rented with long term tenants.The problem is 3/4 of the retail spaces are empty and one studio needs to be gutted and rehabbed.

I was just looking back at my old post and found this one.. and I have been using your strategy for the past 2 years and its been working like a charm each time.