Agree with @Sarah RoskoThe nature of most bookings are out of towners that book before they see the place or really know the neighborhood.

COMMUNITY- will the community support this type of housing (talk to other developers, visit projects of similar nature preferably in the same area and price bracket).3.

I mean, once we get off-market property and do some rehab, we can force appreciate it, but what about the later natural appreciation?

Always something new and cool going on in our market! 

It's the nature of investing in real estate. 

After reading this thread, a few comments come to mind over this common A or B decision.Without knowing how much it is (no need to say) makes my advice (or more accurately, my opinion) more general in nature but here it goes:Lending has very little to no tax shelters whereas buy and hold does.

I'm conservative in nature, but am looking for the push to jump in at some point.

Naturally your old property must sell before you can take title to the new one, but it gives you a much better head start on the negotiation process of your replacement property.

Building rapport is one of my strong suites so the chemistry tends to flow natural.

I like smartcore from Lowe's, natural wood look with texture.