I can vouch for Portland... this is also fueling the first time home buyer as our median price home payments are less than rent... and we are not an area that has a huge portion of the population credit challenged  great time to be in the PDX market in all phases.

I was orignially going to save cash through wholesaling and then phase into buy/hold, which is ultimately my overall goal.

You have to have a phase 1 environmental study done, not to mention a wetlands survey, and depending on the results you could be required to do a phase 2 or 3 environmental study.

I have an engineer that does phase one, site inspection, and cost reserve stable for one price.Cost for everything above is in the thousands on average.Even if NNN with no landlord responsibility we still get the inspection as part of DD process.If the tenant doesn't renew it is important to know right before the option period kicks in how much life is left on roof, mechanicals etc. as in addition to the TI costs to re-tenant you can get hit with a lot of other capital costs.Lender is going to order a PCR site inspection report whether the buyer wants to or not.

i am in the rehab phase of a 203k right now so feel free to ask me specific questions. dont forget to include closing costs to the amount you need to fund the 203k. this is on top of your 3.5% minimum contribution. 

Let's geek out a little and look at new development from the point of view of an economist.First of all, real estate is cyclical and typically, there is a period of expansion in inventory (period of new construction) after the recovery of a crash before you enter the "oversupply" phase and back into another recession. 

Diagnostic fistuloscopy under irrigation is followed by an operative phase of fulguration of the fistula tract, closure of the internal opening and suture reinforcement with cyanoacrylate.

I'm currently in the 'Rehab' phase on two properties and I plan to use this strategy for both.

I would purchase some land in a phased residential development, Anywhere.Don't limit yourself to Detroit or Michigan.

currently in the rehab phase of a 203k that's about to wrap up early September.