If something this simple and NON-panic is panicking you to loose sleep, your int he wrong business bud. 

We have been in the Smokies a long time, and many guest accidents, some of them life threatening over the years, could have been avoided with an annual risk management walk-thru:- Loose or rotting steps- Nails poking up through deck boards- Stinging insect hives or infestations- Ceiling fans that are barely hanging on- Loose deck, stair, and landing railings- And oh, about a hundred other things!

Ended up in a lawsuit with one and had to get the bank to have their attorneys forcibly remove another from a mortgage due to total negligence and abandoning a project.

Some of hilltop on the south side falls in a few other zips, but for simplicity, I removed Valleyview, Westgate, and north of 70 to look at the rest of the map.

If you invest the $25,000 in real estate, well even if you totally mess it up and buy a really bad deal, you'll still learn a lot, and what if you loose $5000-$10,000-$12,500....you still have 1/2 your money left or more.   

We loose almost all of the site line if my neighbor decides to put up a sign, plant shrubs, let their tree overgrow, etc. and this is in the riskier direction from our stand point.Our argument was that we have 400' in the direction that has a flat straight away (theoretically faster traveling traffic) and have 3xx' in a direction that the traffic is traveling up hill with a shorter stopping distance and time, most traffic will be coming off of an Interstate off ramp which in theory they would be well under the speed limit when as they approach our property.To answer your question: I am undecided if I will do more development projects.

Several things to contribute here: 1) Private Lenders with no credit experience emerge doing down payment and 100%/High LTV financing at the end of every cycle, 2) they're among the first to loose their shirts in every downturn, 3) although someone termed this type of lending "gator", it's not new, 4) the guy that coined it didn't get into real estate untill well after the last crash, 5) he has no real credit background or experience (he's never been a lender), 6) Google the guy's name and "looses professional license in AZ" to see what pops up, and finally 7) he's really effective at telling people what they want to hear, filling their heads full of hopes and dreams, getting them to buy his training, and his minios generally won't want to hear what a real, seasoned lending vet will try to tell them.

Think markets likeCleveland, OhioCincinnati, OhioDayton, OhioToledo, OhioYoungstown, OhioCincinnati, OhioMemphis, TennesseeSaint Louis, MissouriIndianapolis, IndianaDetroit, MichiganErie, PennsylvaniaLouisville, KentuckyMilwaukee, WisconsinJackson, MississippiYou can win or loose in any of these markets.

This means if a window air conditioning unit or portable air conditioner was left in the home by the prior tenant, and you do not want to be responsible for maintaining or replacing it, it must be removed from the property prior to showing the unit for lease.    3. 

An option could be doing some research to ball park what these estimates would come in at and remove that amount from your offer.