Just going by sight, I would rate the curb appeal of the place pretty highly in the area.

Will you be at a disadvantage to getting quality rents in because of the curb appeal?

. , ideal situation would be to invest where the rental market is strong but no new construction to curb the demand , supply needs to be low all the time .

Gulley, I assumed we just had a slight miscommunication.Interestingly, Obamacare will actually do very little to curb costs in the long run, because all it is is insurance reform.

I've also sold on Etsy and painted curbs during the summer months. 

Enhance the curb appeal by maintaining the landscaping, adding fresh plants or flowers, and ensuring the entrance area is clean and inviting.

Here's what you need to keep in mind:make sure you SF is the same or close to your subjectSame amount of Bd and Baths - don't compare a 3 bdr with a 4bdrmSame amount of garage spacesLook at your pictures of the comps in camparison to your subject property - do they both have the same curb appealAnd as Jeff said go look at them if you have a viable deal

It's possible you could add a lot of value if you attracted one of the few potential buyers who are interested in it... but it's a very limited pool and your money would be better spent improving the property to the tastes of the majority of the buyer pool (repaint, curb appeal, kitchen remodel, bedroom conversion, etc).

Check to see if you have to install any manholes, fire hydrants, curb, gutter, sidewalks, street signs, street lighting any specific street design or access requirements, Check DOT requirements for access, stop lights and permits, traffic studies, DWQ requirements for permits, permit fees and time frames.Once you have an idea of what you can build and what is required in terms of permitting and infrastructure you want to talk to some civil engineers, architects and commercial general contractors that do the type of projects and build the type of buildings you want to build so you can get an idea of costs, time frame and requirements.

@Clint Shelley: The tree is in front of my property, between the sidewalk and the curb.