Period.I will engage with those looking to advance discussions on bettering wraps for all and not discuss the esoteric people's money ethical concerns of fictitious harms to billion dollar companies - sorry -- just being real here for a bit.Thanks to all -- but I prefer to discuss an improvement to an industry vs the fictional worries of those trying to invent wrongdoings to lenders.Thanks much to all AlanSo due to a couple of in your face sub2  gurus and the potential of newbie investors muddying in the water the attitude has been in the past and is now anti-Sub2 to the most part on bigger Pockets. 

However, one recent sale in the area was 109K for a .15 acre lot, however, it was verified developable and had gas, electric, and water at the street.

Tree clearing, grubbing, moving dirt for cut/fill operations, storm water, power, gas, water, fire access etc. not a small task but doable.  

You may not like the space so it may be better to put your foot in the water first.

Note: the $1423 amount includes owner paying for electric, gas & water.

It was near midnight so I turn the water off so I can talk to him in the morning.

Water the heck out of it, when it stops raining. 

Capital expenses (a new roof, HVAC, etc), maintenance (clogged drain, water leak, etc), and for vacancy. 

Then there isn't a middle person mudding the water.

The wholesaler and seller represented this duplex as having two separate water meters and two separate gas meters.