IF the house is a full on wreck and will need a full rehab, I do even pay for an inspector, just look myself. 

Cute, quaint and uber-clean homes replaced the old run down wrecks.

So... ask for advice, get same advice from everyone, ignore advice.This has all the makings of a train wreck but It should be interesting to hear how it turns out.

Or are they wrecking it for locals and other investors by creating a frenzy and escalation in wholesale prices...

Could be a good start.Or bad if the place is a wreck.

What is the actual possible loss in dollars you might have to pay if everything is deemed your fault and you have to correct it.What is the cost of hiring a lawyer at this point, and what if any value does he even provide pre-lawsuit.So with that said, I usually subscribe to mindset of letting the car wreck happen and then I start calling the tow truck.

He and his generation of Investors wrecked that for us. :-)If you live there at least 2 years and then sell you’ll owe all the depreciation recapture and only the percent of time you lived there will be capital gains tax free, never 100%.

Seller listed this at $167K, then 70 days later relisted at $152KThis house is a wreck, inside and out.

@Julian Illingworth  talk to your CPA if you did not list these as inventory.... and you only have a few lots to sell.. holding them a year for cap gain might be a good thing.. plus lot values keep rising.I would not subordinate to a builder... that has train wreck written all over it. 

And contrary to popular belief, that foundation is not a tech industry that some see as soon tottering but on a health care industry that continues to grow.Those claiming that a tech “invasion” has wrecked San Francisco might be surprised to learn that of the city’s ten largest employers only Salesforce (#3) and Twitter (#10) are in tech.