By-right uses are much simpler since they don’t require additional government approval beyond standard permits.Development Standards: Once zoning is clear, factor in the regulations such as setbacks, parking requirements, density, and other local standards.

Just to be clear, I was not trying to say that investors should not buy properties off market. 

Having a clear idea of what a good deal is for you is going to help you focus. 2) Use these metrics to go evaluate different markets.

You clearly missed your calling, you were meant to be James Bond.

Have a detailed scope of work in writing and set clear weekly milestones with your GC.

They're clearly not having to take any renter calls or deal with any issues. 

I've heard 10%-20% is the average net gain but I just want to be more clear about it. 

Your remaining balances weren’t entirely clear on the two mortgages, they are really low rates, so instinct is not to refinance them, but sometimes it is worth it for the longer term vision.It also seems like you may be considering tapping your equity to replace your income, without knowing your age or long term goals, this doesn’t seem like a great idea on the surface.If you are interested in jumping into real estate full time to replace your income you should realize that is probably going to take 12-24 months.

However, if you ever want to replace that home, you'll have to move it off his lot.I would consider appraising the vacant land and trying to cut a deal that's fair.

I was never quite clear on the logic here.