Does anyone know, or have a good idea, about the difference in returns on entitling & developing the land for each scenario, with final objective to sell to a builder to build and sell the structures him/herself.  

We worry about the hassle of dealing with properties in poor condition and not building enough equity.

I am an aspiring new real estate investor based in CT looking to use the power of real estate as a wealth building tool and income producing asset class.

Building a relationship with local real estate attorneys or agents specializing in STRs in the area can save you headaches down the line. 

Being a Section8 HUD building, there was an immense amount of paperwork and due diligence that was required.

You can be successful if you believe in yourself and build a local team [especially real estate agent].Brightinvestors offers tools that let you see if specifically areas/neighborhoods are good to invest in.  

Purchase price: $2,800,000 Cash invested: $560,000 The property is a three-story multi-family residential building with six independent units, initially facing significant challenges due to poor conditions.Renovation Investment Summary:- **Structural Repairs:** $250,000- **Kitchen Modernization:** $100,000- **Bathroom Updates:** $50,000- **Exterior Improvements:** $100,000- **Holding Costs:** $50,000- **Property Taxes:** $30,000- **Insurance Costs:** $10,000- **Management Services:** $10,000

On a pre-1900 build I often see them filled with mortar, at least here in Milwaukee.

The #1 determinant is the Tenant Pool.If you don't believe us, try putting several Class D tenants in Class A apartment buildings and watch what happens.

Typically when you see "cash only" the agent doesn't believe the property can pass a home inspection which isn't relevant for construction loans in most instances and there are plenty of banks, hard money lenders etc. who offer construction financing on distressed buildings.