To develop the property, you would need to demolish the existing structure.  

I've asked my clients a similar question and have developed tools for them to minimize this, but I find there are a few different types of clients.Manager managed - these folks have no issues as they simply upload their year end statement from their property manager, their 1098 mortgage statement and any other one-off expenses they may have paid for outside of the management company. 

It's worth taking the time to understand what you're doing so you can develop your own conviction and confidence.

It explains the team that you should develop to have a strong foundation under you while investing remotely.https://www.biggerpockets.com/blog/core-four-real-estate-team

The description states the property is "ready for rehab and development".

I primarily work as a part-time CFO for new (and "old") real estate developers and investors, primarily helping them financial analyze their deals and finding them the best rates and terms for financing.

Definitely focusing on offmarket or even on market multifamily homes (minimum 4 units). started off in real estate development last 2 years but the paydays are brutal building then waiting to sell.So now looking to switch up strategies to purchase cashflowing properties and then get back to ground up construction or even possible fix and flips. 

The macroeconomics are on fire here with population growth, job growth, and companies developing and building here.

I am a Real Estate agent, investor and developer in central Houston, feel free to reach out with any questions. - Chris Kersey 

That is smaller units built with higher density to make the numbers work for both buyers and builders.Adapting to these challenges isn’t easy, but it’s necessary to keep up with the market.What are your thoughts on how builders and developers can address affordability and supply issues.