And, at the same time, Brazil has undergone a big economic crisis, which has had a downward effect on real estate prices expressed in reais, which has compounded with the drop of the reais against the dollar.

I realize that the bulk of this discussion has been about the tenants info, but for the record, there's a clause in the lead laws that gives the new owner 90 days to make the building legal."... the new owner of any premises which has undergone a change of ownership ... shall not be strictly liable for damages under this section if such new owner complies with the requirements of this chapter within ninety days after becoming the owner."

Salem has undergone steady growth for the last 15 or 20 years and I attribute much of that to the state government and resultant high paying jobs.  

The gist of the broader story related to potential positives and negatives of such growth and I was curious to hear what BP members have experienced in their own communities that have undergone rapid growth.  

Is it reasonable to expect a private lender to take you seriously if you have never undergone a flip before?

Turtle Creek has also undergone 70 years of population decline, but it is more centrally located, surrounded by places where there are jobs to be had.

As someone who is primarily a buy and hold investor, but was forced to become a renovator due to the scarcity of quality, healthy and energy efficient product being produced, I would be willing to pay more for a property that has undergone an energy efficiency retrofit than I would for a simple lipstick and heels job.  

Also, literally everything sold in the past 2 years has been run down properties at fire sale prices that have undergone / undergoing some level of rehab but have not re-traded to reset the market.On a NOI basis, using 8 - 12 CAP, you get $1MM to $1.5MM but the appraisal will likely only come in at ~$400M.

Over the last few years our downtown has undergone a huge transformation and we're a huge destination for millennial entrepreneurs, which is good both for culture and innovation now, and long-term tenants /potential owner-occupants down the line when they settle in to start families.

Catskill village has undergone serious rental price increases in the past decade and the last few months property prices are increasing with folks move upstate.