I am now seeing how the REI Nation process works from start to finish and as someone who also owns my own rental portfolio here in Memphis in what I consider solid neighborhoods but also used leverage to purchase, sometimes your cashflow gets evaporated due to CAPEX and there isn't always rhyme or reason to it.

I just finished his book.

If it was me...I'd check with zoning to find out how many dwelling units I could build, and I'd find what the requirements are for those units (type of house, height and setback restrictions, etc.).Then I'd find out what local builders think the cost to construct would be - just get a cost estimate per square foot for 2 or 3 different levels of finish.

Renovated: Added granite, high end finishes and fixures, landscaping, new flooring and painting throughout.

If you have something like a finished basement or garage I could see adding one there but no need to take up space and make it look junky with one in each room.  

But finishing off planting 3,000 more teak seedlings.  

In a few years, after i've raised rents and finished fixing up my properties, i'll be making $70k from my rentals.

This will allow the team to develop and review project processes and management strategies to move forward with more challenging, yet rewarding, properties.I come from a very process-oriented background (Mechanical Engineering), and my goal is to learn and develop each step of the process, from start to finish, to continuously improve the team and ROI of each project. 

I would also look at suing them for the cost / expense to finish the job. 3.

We've had clients over the years who love Bronzeville & Hyde Park and have purchased large buildings with condo quality finishes or updated the buildings & are cash flowing while living in the building.