Neat article on the Detroit Land Bank Auctions for 2024.   

Here my thoughts: the deal is very decent on numbers, considering the land is free.  

I've considered different options, such as refinancing this home to make the land a separate transaction or even selling my house to build a duplex, (since I am not sure if I will be able to get financing for the construction project if the land and this current home are on the same loan).

Hello BP members, I live in a SFH close to Sugar Land area in Houston TX, and I'm looking to rent two rooms out of a single family home I currently reside in.

Primarily land costs.

small is always going to get in your way. we are looking at large tracts of land more than 10 acres right now and the national builders that we work with for land development and entitlement in miami florida and columbus ohio focus on much larger. they do the opposite of what you are talking about.

They are responsible for the upkeep on the house and we are responsible for the land and underground utilities.

Quote from @Patrick L.: And by best suited for section 8 tenants do you mean nobody else wants them?

I'd also recommend dumping the garages there's almost a total loss on that unless you are putting units above them on a dense infill lot for additional units it's not worth the cost of construction. build cost is pretty high for your market for three story suburban walk ups. we could never build at that price and make any money. suburban sells for 160k a door in our market with land. get on yardi make sure you Arne't going to lose money on it.

Paid $30,000 for their "Six Figure Land Flipper" 6 month course to start mid-June.