So much fun to see a transformation.

We don't own any of the diciplines it takes to transform raw land to building lots then homes to sell.We sub it all out. so technically I think we are the developer.. only.. we hire GC to build for us on a fee basis. 

Here's the picture:Our church, Gilbert SDA church in the Phoenix area, is looking at a house to buy in a county island that we will transform into our church home over time.

Once neighbors find out I am there to rehab the eyesore they have been stuck with for the last 10 years or so, they offer me access to tools, their electricity while big repairs are going on and power is out...I even had one neighbor feed my crew lunch because of the transformation that took place over 3 days.That said, I always have work done correctly and by licensed personnel.  

With your help, BiggerPockets is transforming the way the world invests.

I moved to Louisville in 2009 and some of the areas that were very blighted at the time (NuLu, Old Louisville, Downtown) have completely transformed from where they were 6 years ago.  

Woodstock has been hot for awhile now.Vancouver is going through a transformation and the entire downtown is about to get a new waterfront district.

The real estate is located on an extremely busy corner of a prime avenue with a huge parking lot right across the street, the immediate area has a lot of hot real estate deals taking place at the moment, there will be a complete transformation to this area with investment and new business in the next 5 years.

The thrill of getting a great deal and watching it be transformed from a dump to a nice home and renting it out is something that's hard to replace in multifamily.

The floorplan was arranged in a way that some non-load bearing walls could easily be removed, some new walls framed, and with about $40k, the house would be transformed from an un-appealing 2/1 that would lose $300/mo as a rental into a very appealing 4/2 that would cashflow about $500/mo (incl. the debt service for the rehab)...