We don't compete, and lower priced neighborhoods still need that service.Everyone starts out with the idea that they are going to work to the highest moral standards, but when you are in the thick of it and you just don't have the cash to close and maybe 10k earnest money on the line, you may start to tell yourself it is legitimate to cancel the deal, after all you have that clause in the contract.

Quote from @Isuf Aruci: i live in the NY area and would love to build a house or a mid apartment building. but the land search is very very difficult. also lets say i found the land, where would i get information and see if its buildable, also how do you calculate a land to see if its worth building or not.   

I don't know the character of the neighborhood.

However, not so far away, we had another investor who tried the same strategy and it failed miserably as comps with standalone ADUs were not adding value the same as in the market not so far away.Research your market, even down to the street in various neighborhoods well. 

Focus on neighborhoods with strong rental demand and growth potential.Also, make sure your numbers work—factor in all costs, including rehab and holding expenses, to stay under 70% of ARV.

Hi there @Brandon Brown - We've done this several times....we recently did a 400 amp service for a 4-unit building in Logan Square Neighborhood of Chicago. 

Was just doing a  search on Google and realized I'm on page 6 for the first time in "forever".Not sure if it's due to Google search being that good or lack of effort.When is the last time YOU clicked past first page search results?

Purchase price: $925,000 Cash invested: $200,000 13 Unit Multifamily property in the Waveland neighborhood of Des Moines, Iowa.

The difference is night and day between using someone you find online or in a search vs a personal referral. 

I live in a rural residential neighborhood that has recently been zoned medium density (townhomes).