I would say you can use the economy and the area of your property in order to be competition wise more competitive with lower rent based on supply and demand .

However, if you are going to build condos or townhouse or apartments, you might still need to trench everything to get larger supply and waste lines along with more power onto the site. 

Take your time, build up your inventory of supplies, buy deals.

I'm currently employed full time and I have been in the Supply Chain/Logistics business since 2003. 

I have used a company called 40 offset based in chicagoland they charged about 300$ for 1,000 6x4in full color two sides to the door I just supplied them the list.

I may profit by rehabbing because I (a) am a licensed GC (b) own a full retail renovation company that creates a volume i can (c) leverage with manufacturers for direct supply and volume discounting and by which (d) I have the full management and operational team at my disposal to perform on my properties at cost.

Drive to examine the problem  1/2 hour , drive to supply house to pick up materials 1/2 hour , drive back to house 1/2 hour , perform work 1/2 hour   There is 2 hours of labor not including materials .  

People and Capital virtually unlimited supply, TIME, is your most valuable resource.

On the same time, they also told me that there was no water supply to the toilet on the first floor.

A lot of the new builds will be completed and supply will be high.