In development cycles there is a under supply,sweet spot,and OVER supply.A certain asset class can be over built and it is often times a race to market on who wins.If your project takes to long to complete and the market gets saturated by that time then you will have to reduce your anticipated rent rates and cash flow projections to bring in new tenants or you will have to spend more on amenities to justify them paying a premium price.Either way it will cost you more money.

Rich...Florida is also ground zero for a massive over supply of condos.

It has a roof that is 6 years old and a new boiler. ...OK, 6 units, and one boiler = landlord pays utilities at least for heatI doubt there is a net of $19K based on gross of $31K with landlord paid heat.So right there, you should be clued in to be suspicious of any seller supplied data - it tends to overstate things in favor of the seller, much to the detriment of any would-be buyer.And the fact that the seller bought it for so little will partially explain the lower out-of-pocket for the seller; a buyer paying more will have bigger costs to deal with (in terms of debt service at least).

Don't know if you replaced all the plumbing supply lines or not, but you're probably looking at about $3-5K to do that, in a typical area and a typical house.

-bump in flooring where living room meets kitchen-sink supply lines cut short-needs virtually all the essentialsHere's the upside:- priced around 100k with comps of same sq ft going for 180-220k (most of which could use updating). fwiw, it sold for 350k at peak of market- up and coming area- strong rental area (close to a college)Is this worthy of buying to rehab, rent, and resell in a couple/few years (after the area has gentrified further)?

That places the agent on the hook and the only way off it s to supply to their seller.

It's all about supply and demand.

Sure housing can be manipulated to some degree, but it's based more on pure supply demand.

Find people that can supply you insider type deals - where you're not dealing with everyone in your area.

Fortunately, we live in a society that continues to supply my business with an abundance of liquidity opportunities.