The vacant lot owner is asking 20k firm for his land.

I'm originally from Western PA as well (Slippery Rock) and now reside in Atlanta.Here is how I am looking at it along with the assumptions I am making:1) I think the growth prospects are better in the Atlanta market than Pittsburgh from a pure demographics standpoint.2) I estimate your return on equity at 7.2% currently3) Over the long haul appreciation is going to take you further when it comes to net worth than cashflow will4) Doubling of the roofs is doubling the expensesThings to consider:1) What is the year built of your Atlanta property vs. what you could replace it with in PGH?

But in the meantime, if you aren't happy with your management company, I would suggest interviewing others until you have a firm understanding of all the facets of managing on your own.Good luck! 

Now I am in the early stages of development.I am working with a consulting firm to help with a concept plan, engineering, and to get the city to sign off on everything.

I think the buydown is a scam over the long haul.

Set a Firm Budget: It's easy to get caught up in the bidding frenzy.

To thrive in real estate investing, you must maintain a firm grip on your finances.

Magnolia has an incredible restaurant in another part of Waco, they bought a historic hotel that they are currently renovating, they bought an actual castle in the heart of the city that they are currently renovating, they own one of the largest real estate brokerage firms in the city that continues to serve the real estate market, and they themselves own several Magnolia short term rental properties that tourists can rent nightly to have the full Magnolia experience.

There are local firms that will do it for you with the cost of about 1/3 the tax savings. 

To crystalize this point many years ago I was involved in a dispute with an architecture firm.