Look, I know the whole concept of a 1031 exchnage can feel a bit like reading a foreign language at first, but trust me, once you wrap your head around it, you might never look at property taxes the same way.

That all is changing now, ever since Hilco Redevelopment Partners purchased the property in 2020, and received concept and development site plan approvals in 2022 and 2023.

You just can’t successfully operate in the real estate industry unless you master these concepts.  

That simply confirmed “proof of concept”.

You have a concept (investing in real estate), but you don’t have a specific plan. 

Lots of people on here want to knock concepts like the one you are asking about, but in my experience most of those people haven't even worked through those kinds of companies or bought properties, so focus on the ones who actually have (if you can figure out who that is). 

@Jason Tucker - your concept is very similar to one we just completed the financing for. 

Rehab costs and  are key parts of evaluating deals, so it's great that you're diving into these concepts early.For rehab costs, creating a rough estimate starts with understanding the scope of work and local pricing for materials and labor.

Second, there's a legal concept called "unjust enrichment."

If you meant the company specifically and not just the concept of pad splitting, be sure they are available in your area.