This type of foundation is extremely porous and lets in a lot of water.

@Eric ClappI don't see cash flow happening much of anywhere in Denver (or in Colorado Springs for that matter), unless you're doing something creative -- house-hacking, STR, MTR.You ask about higher priced properties and therefore better rents.

The ones I bailed out I actually took ownership of.. and got them out of hot water. there was no room for a loan but enough equity for me to step in and solve the issues.. 

Period.I will engage with those looking to advance discussions on bettering wraps for all and not discuss the esoteric people's money ethical concerns of fictitious harms to billion dollar companies - sorry -- just being real here for a bit.Thanks to all -- but I prefer to discuss an improvement to an industry vs the fictional worries of those trying to invent wrongdoings to lenders.Thanks much to all AlanSo due to a couple of in your face sub2  gurus and the potential of newbie investors muddying in the water the attitude has been in the past and is now anti-Sub2 to the most part on bigger Pockets. 

However, one recent sale in the area was 109K for a .15 acre lot, however, it was verified developable and had gas, electric, and water at the street.

Tree clearing, grubbing, moving dirt for cut/fill operations, storm water, power, gas, water, fire access etc. not a small task but doable.  

Don't worry too much about how much the water bill is going to be exactly; if the bank is willing to finance your deal, you'll be good.

I service the Lehigh Acres, Naples, Cape Coral, Bonita Springs and Fort Myers area. 

You may not like the space so it may be better to put your foot in the water first.

Hi All,I am looking to buy an owner occupied 2-4 family in the East Boston/Chelsea area this spring with a 5-10% down payment.