So are you saying if I had taken out a loan to build this project and then it went into a regular commercial loan a could write interest off but because I put in capital, blood sweat and tears and paid outta pocket and then went for loan I could not write off interest paid?

The blood is definitely in your eyes, in attack mode and for all good reason.

They are doing a great job knocking down abandoned houses, fixing roads, sweeping the street, mowing vacant lots etc. i kept hoping the property values would go up but I lately I just don't see how that can happen without fresh blood in the city.

Getting blood from a stone.C-class areas are challenging.   

Get those business cards circulating, let everyone know what you are planning to do.

I guess omalley needs to suck more blood . 

I suspect the road could be private but there is probably and easement for ingress and egress for the owners.. but just guessing like I said I cant see a modern city recording the plat knowing that there is no deed right of way.. the people that own the homes could not get title insurance.. they would be land locked and right  of way would be excluded.I am doing an easement by necessity right now in Oregon.. thank god title co.. missed it and they either need to get it for me or pay me the 700k my land is worth LOL.. we learned through the process even though we have been crossing state lands  50 feet to get to the public right of way  for 50 plus years. there is no prescriptive right in Oregon or any other right to cross that land.. only way title co is going to get me a right of way is to buy it from the neighbor who to date has been less than willing.. even though all I need is 50 feet by 20 feet of their cherry stem driveway there home is 600 feet back .. but you know neighbors really friendly until you need something  LOL.. then they are out for blood .. not all but these folks are .

I guess I always like to see the blood, sweat, and tears from the newbies.

If you knew what I've learned about the credit industry in the past two years you'd probably need blood pressure medication just to LOOK at a credit card!...

I agree, I bought a Duplex in Gunter below market value, it cash flows and I put about 20K of forced equity in by getting much below market, but your right its so hard to find deals like that through conventional means, MLS, Realtor, Zillow and expect it to appreciate 8% a year.I'm not a big direct marketing guy yet, as thousands are doing that in North Texas, even radio ads are popping up on all channels now, billboards, bandit signs, there is so much blood in the water, makes me want to do turn keys in Kansas or Memphis, etc.