He's also the developer and this is the first house in Phase II of this development.

The macroeconomics are on fire here - population growth, job growth, and companies moving and developing here.

That being said it would appear on the surface that there's plenty of inventory, as there's tons of listings.

First is the macroeconomics here are absolutely blowing up here - population growth, job growth, and SO MANY companies moving/developing here.

Over priced, layout is awkward, junky neighbors, back on market/under contract multiple times, bad photos, bad timing(got buried from other listings, weather occurrence, etc). 

It is fine as long as you disclose in the listings that there will be other guests on the property.  

Never invest in any city on this list of the 50 most dangerous US cities.Low operating costs: High operating costs are one of the driving factors for many companies, leaving states with high taxes, regulations, and other costs.

Once you start hiring employees, it's smart to develop it out so you can train them properly and so there is a documented reference guide.

Quote from @Daniel Tanasa: Hello Terry, If you're looking to find houses that are in pre-foreclousure you can use a website like www.foreclosure.com and you can get the list of properties and start marketing to them. 

It's not like the MLS discriminates on listings because of who is listing it.