What some developers do is get a bridge loan to stabilization and do a cash out re fi when leased up.You also should look into previous uses of the site to make sure no environmental issues exist.

You are not paying realtor fees and unless you do an environmental study I would suspect you would be 1/4 to 1/3 of that cost.  

With fewer potential buyers to compete against in the market, the odds of creating an auction style type of bidding war amongst buyers also decreases.

If that is the case, we collect any where from 1195 to 1395 per side on those style of duplexes. 

He made a big deal about doubling down and accelerating during the 08/09 recession, looks like things are different now – and his company is probably very different now too so you can't expect the same response.I'm not a big fan of Grant's style, but this one's not on him. 

Your brand is the look, feel and style of your rental property.

He is not necessarily an advocate for buying RE, but his investment style and advice is widely followed (it is the Boglehead way) and easy to understand. 

I would check the deed first and foremost, that will tell you how it was originally purchased and how it is currently owned: one or two parcels, and fee simple or condominium style of ownership (keep in mind condo is a form of ownership, not style of building; whereas "townhouse" is just a style of building). 

I really like the buy and hold style of real estate investing and have a few properties in Florida.

We were able to clear the environmental risk to get the deal done.