I usually run several CMAs, with different criterial, and of course compare tax appraisal value with a wholesale price, add 5% as a fee to a transaction, in some cases.

I think working with an architect to build something really unique and custom is always the best move if you have the budget for it.

I'm building some currently (so obviously I think that works). 

At least now your tax basis is $220k ;-)  What was the extent of the repairs?

local PM here - I would master underwriting and build out your network.

@Jeanette LandI always recommend using a tax professional.

There was a news reporter at the sale and they interviewed the high bidder, who admitted that they had not seen the property, but were certain that they would be building their family home there. 

Tax liens2.

That's because they aren't building any more oceans and rivers.

It’s awesome to see your passion for real estate and your clear goals for building a portfolio.