I remember reading in someone (maybe Groucho Marx's) autobiography, about getting stock tips from a shoeshine boy and an elevator operator prior to the 1929 stock market crash.

Now he can go to a vacant lot, hover up to various elevations, do a 360 and take pics.

For new construction or a MAJOR rehab, where either the exterior is basically complete or we have drawings with exterior elevations, we may list it on the MLS.

However the owner of the house next door was able to get a flood elevation certificate showing that flood insurance was not required.

I have seen some condo owners with lower COA fees get hit with major assessments they weren't expecting (think $8k for a roof, $2k for painting, $3k for elevators, $2k for paving, etc).

@Angelo Evangelatos I wouldn't form an LLC just so you can use it in your elevator pitch because you can craft your story without having a company and still sound legit.

That potential you mentioned for extra months of elevated rent!

I do find it perplexing that the presumed assumption is that I'm going to essentially screw my parents over to elevate my personal residence, wallet, ego, whatever . . .

Detroit) where the numbers on the property look fantastic but your overall risk is elevated due to the market you're in.If you haven't done so already, download my free report "2013 Housing Market Forecast".

Here in the DR, I have spoken to most that utilize the same setup, right now im trying to target areas that are newly renovated and have gyms and elevators.