if the property is in an official urban reneewal or urban redevelopment area, it does not matter what type of property or what kind of improvements--it can be new construction even--a redeeming party will have to pay you the increased value due to the improvements plus insurance plus interest.While you have possession and before the property is redeemed, if it is redeemed at all, you can occupy the property or rent it out.

Money is important in our society but we pay it too much heed.

Each has its own unique "issues", and require different skill sets.Class C - "Mom and Pop" rurual facilities non climate controlled, smaller in size.  50 to 200 unitsClass B - Second generation, suburban, may be climate controlled, mid sized.  200 to 400 units.Class A - Urban, fully climate controlled, larger facilities.  400 - 1,000 units.

Is it a business that only applies for dense urban areas or is the business viable in more suburban areas as well?

It's a survival tactic out in the society, and to keep himself compliant with parole.

This property is in the heart of an urban area just outside of NYC, so I believe there are lots of professionals in a similar position to me that would be interested in renting "flex" office space.

If the wall of a home or building constitutes part of the pool enclosure, the above fencing requirements may be substituted with one of the following:A wall, fence, or barrier that is at least four feet high; A motorized safety pool cover that requires a key switch, which must meet standards published by the American Society for Testing and Materials;A self-latching device on any doors with direct access to the pool area.

They are also in the process of building a urban sports complex right down the road from Loray Mill.

Exactly @Robert BrubakerIt helps if you know how to market on the internet, especially if you are in an urban area.Some people put a lot of stock into yelp reviews, etc.It looks good when you have 5 stars!

Our units have done very well for us, even under COVID in an urban market but it's not a free lunch and you'll need to work hard to make sure you do this right.