If developing, you will need a full team for entitlements and permitting (civil engineer, survey, architect, etc.).  

I would just make sure the $254k is conservative and below any other active property in the area.Even if it doesn't pass a 4-point inspection, you could still make it work depending on what needs to be replaced.

Here's my situation, I was going to start a position as a project engineer this upcoming Monday with an annual salary of $72,000.

I have started to work directly with the city to get approval to construct multiple duplexes on the property, a surveyor/engineer, and an architect finishing the plans.

Unfortunately, I'm still waiting for a permit from the township to replace my oversaturated drainfield.

The caveat is that the the seller has owned since 2010 and has not replaced any of the mechanicals.

The caveat is that the the seller has owned since 2010 and has not replaced any of the mechanicals.

A serious, no-nonsense buyer should totally consider this.Interestingly, most of the people who pursue this route with us are extremely analytical types: quants at hedge funds, engineers, accountants, lawyers, etc...

I have a replacement property picked out already and an accepted offer on it.

I would also target COA’s with newly replaced roofs, and negotiate to have the seller pay any outstanding special assessments at closing.