If she could put $40,000 in to it and sell for$180,000, then she would be $50,000 ahead.

@Tim Horning correct but Ithaca already passed good cause so get ahead of it by having conversations with your town council members before their opinions on it become ossified

Brush a little bit how do you handle brush usually with prescribed burns.. the issues are houses on mountains and I suspect there is a good amount of people that planted Euculyptus trees years ago those things are just like light a roman candle.. and 60 to 100 mile an hour winds..

I feel like I might even come out ahead on the appraisal after the build is complete and walk away with my initial investment ?  

My advice is dont put so much down and instead buy a Primary and an investment rental all in one step.May sound crazy moving into a new state and also buying a rental but your already way a head of most investors. 

I disagree--there are more tough times ahead, but as stated above there is light at the end of the tunnel and this time it's not a train. 

Happy holidays to all and wishing you a prosperous year ahead. 

To learn more about which one may be best for you, feel free to send me a private message.Old Town North: An Unused Eye Soar Transforming into a 2.5 Million Square Foot Community CenterThe GenOn coal power plant, which opened in 1949 and was shut down in 2012 due to concerns by residents about local pollution, has occupied an unused 20-acre lot in Old Town North for the last 12 years.

@Samuel Gebretnsae You have two choices. 1) Walk away and leave your money on the table. 2) Go ahead with the deal and take a leap of faith that the repair was done correctly.

This problem has been building for a while now and appears to be coming to a head, not just with Blacktip, but with other Cape Coral area builders as well.