As far as permits, I have been told not to pull them (by uneducated or under the radar types) but after reading how it will affect appraisal, and how I could be made to demo the new contruction, I intend to pull permits and have it inspected properly.

I’m not a yuppie and could slum it on the side of the duplex in greater disrepair if need be.There’s an adjacent boarded up house on the city’s demo list for Dec 5.

Another friend of mine had a similar idea (starting a youtube channel) but he wanted to do it with someone else.Me and my friend made a "demo" video so to speak (after me investing about $500 initially for the camera).

You might get something that you can demo to get the lot.

Construction loans can and often do include demo and debris removal for new construction.

Do I have the demo done and sell the land?

I don't consider tub replacement as part of lipstick, since you will do some demo to get it out; resurfacing a tub would be more like lipstick.

I could do real demos and clean-ups and increase value.

The most this property v could have gone for in the area, if everything was perfect, was about 85-95k but the best comp in the area is well under the estimate, also, the cash flow wasn't there, and there was a lot of see demos taking place on the block.

Make sure the property has value and isn't landlocked, wetlands, a house that has been demoed by the city or county (with the cost ending up as a lien on the property, or any other property that has more municipal liens against it than it's worth.