If I am buying a house and find out later that things are going on that the seller didn't tell me, I am going to bring my A+ team to comb through every single inch before buying it.

Please see the rough numbers below :Tear down house price 350k,Construction cost 165 sqft * 2 build=627k too much for the land unless your exit is 3 million. don't reinvent the wheel. no single family home builder is paying 300k for land. that's miami florida prices where I live. we buy land 50k and under in Columbus Ohio. keep land at less than 10% of after built value.

So, I suspect his "whole idea" should be even less well received now, per Steve's pearl of wisdom two years ago.Here's the link: https://www.biggerpockets.com/...Perhaps read both sides of the argument there, before reinventing the wheel here?...

HI Stephon, Just now seeing this post and if you were down here you know that the city was shut down with the first 5+ inch snowfall in a decade haha.

@Alicia Howard Since your 5th wheel RV is used exclusively as a short-term rental property and does not move, its depreciation depends on its classification.

It took a bit to wrap my head around there being luxury homes intermingled with 5th wheels next door, etc., but their lots were like parks.

We are developing as RV /campground - tiny homes on wheels - where is your property?

@Jim G.Per the International Residential Code if the glazing is less then 60 inches vertically from a standing or walking surface then yes it’s required to be safety glass as it’s considered a hazardous area.  

So shift your expectations to most of the cash out and you'll be good and you'll actually start buying deals, versus people who wait for the perfect deal, spin their wheels for 6 months terminating contracts/analyzing hundreds of places, and then eventually burn out and give up. 

Looking to not reinvent the wheel on this one.