We specialize in turnkey investments and property management in Detroit and surrounding areas, so if you have any questions just let us know.

You have renters and not owners surrounding your investment. 

Look in the surroundings!

I mainly invest in the Austin, Texas and surrounding areas so not to familiar with Refugio.

@Jonathan Godes is a good mix of people with Lenox ties or surrounding community ties and people with no ties to Lenox.

State and federal agencies already have major infrastructure overhauls under review that are intended to support the growth of those particular areas.  

Sounds like they are selling on land value for redevelopment and not existing income.If they are making money and the area is improving they can wait for surrounding development demand to increase the dirt value for resale.If the owner is worth a lot of money they are taking the long view to value.

I run into to many people in this industry who don't seem to understand that everyone needs to have something that they are bringing to the table.Myself I have infrastructure, knowledge and connections in the Cleveland market as I own and operate an investment brokerage/construction company that has a pretty large portfolio.  

If they provide a number you would need to know every imanigable detail about the property and the circumstances surrounding the repair before that number could be of any value.Likely percentages is the best you can do.

I'm a local investor and very active wholesaler in the Philly region and surrounding counties.