Depending on the salaries of the new jobs they may also price out the local residents on new home sales which would further drive up the price.

Drive around the neighborhoods to understand the lay of the land - if you have someone who will take you around and explain, better yet. 

I dropped the full appraisal report in the SW folderhttps://drive.google.com/drive...

.)- All in Cost = Cost to build * Square foot  - Sales Price = All in Cost + (All in cost * 20%)* Covers contractor and soft cost on either fee based or cost+- Profit = (Sales price - (Sales Price * 7%))* - All in Cost   accounts for agent fees and closing cost- Initial List Price = Sales price + 10%      A buffer to test market absorption- Break Even being All in cost, point where everyone is paid except me. - List price is to test the market absorption at "x" price. 250k land + build.

Investment Info:

Condo private money loan investment.

Purchase price: $640,000

Cash invested: $640,000

Investing in Condo properties in Broward County, FL

What made you interested in investi...

If you are calling the licensed guy off the one single van that drives by or was referred to you..

The access to capital is not necessarily a driving force in my pursuit.

All in all I will be loosing 10's of thousands.This process killed all of my real estate momentum, but has ignited a drive to succeed.

Focus on what matters, not on things that have nothing to do with what drives the desired  results.

Ironically some of the best deals come from properties that once failed a perc test and are considered unbuildable for that reason alone.