These are people who share motivational characteristics of people ready to sell, but haven't yet done all the work they think they need to list property.

After talking with the city planners, it was determined that there were no 'physical site characteristics' that would warrant a variance approval.

For some clarity on why you were told this, let's go ahead and go to the lowest common denominator: car sales lot.If you walk onto a Ford lot and say you want a car that fits characteristics X, Y, and Z, characteristics that ONLY Toyota includes in one vehicle, an average Ford salesman will just tell you it doesn't exist and invite you to take a look at the F-150 or Ford Focus.

Each place around Houston has different characteristics that can completely change how you invest.

It is calculated as NOI/yearly debt service cost so it depends on the property characteristics.

And coupled with no value add, a characteristic inherent to TK, the IRR is not possible. 

I incorporate universal design characteristics all the time in my rehabs regardless of the intended users.

So, I for one, am quite pleased that not everyone can do this at will for certain characteristics.

Two of the vacant residential units were already laid out as 2 bedroom units but the 3rd is large enough to be converted into a nicely designed 2 bedroom unit as well.Anyone who saw this building on the MLS likely dismissed the building right away based on the public record characteristics.

And to many, it is negative, defining characteristic.