I worked with a developer once that insisted the street coming in to the new subdivision had to be paved because you couldn't have people spending $500k for a lot driving on gravel, despite the fact that utilities weren't in the ground yet.

The major components that fall into this category would typically include things like roof replacement, major system components like hvac, water heater, paving, exterior painting and siding, appliances as a package, etc.  

The property fronting the paved county road had a zoning that allowed 15 5 to 10 acre parcels to be created..

Sam Leon my lease reads like this, paragraph 33, vehicle policy, "the tenant agrees never to park or store a motor home, camper, or any sort of recreational vehicle on the premesis and to park only "x" automobiles, license plate number "xxx-xxx" make of automobile, __________ only on the paved area provided in the designated and labeled parking spots.

Parking Information# of Parking Spaces (Total): 8.00# of Parking Spaces (Covered): 4 # of Parking Spaces (Uncovered): 4Additional Parking, Paved Parking, Carport School InformationElementary School District: 004 - Mesa Unified DistrictHigh School District: 004 - Mesa Unified District Utility InformationAPS ElectricNo Gas City Water FranchiseSewer (Public) Financial InformationAnnual Electric Expense: $79.24Annual Maintenance Expense: $2,097.92 Annual Management Expense: $1,786.10Annual Trash Expense: $385Annual Water/Sewer Expense: $1,731.01Owner AssociationAnnual Owner Association Fee: $3,600Gross Annual Scheduled Income: $250,000Adjusted Gross Income: $245,000Vacancy Allowance: 0.02Total Month Rental Income: $2,040Net Operating Income: $13,279.27Cap Rate: 7.18Equity: $185,000Existing 1st Loan: ConventionalExisting 1st Loan Type: FixedExisting 1st Loan Type: Non AssumableExisting 2nd Loan: Other (See Remarks)Existing 3rd Loan: Other (See Remarks)New Financing: Conventional, FHATaxes: $1,147Tax Year: 2014

I got a letter from the County Public Works Dept. today stating that although my paving contractor applied for permits for our driveway, the pre-installation inspection didn't occur, and therefore, the permits were not issued before the driveway at my property was installed.  

Pavel, I also want to thank you for sharing. 

If you’re looking for a good return, your best bet is likely paving them while you’re still holding onto them.

It feels great when you make decisions to pave the way for a brighter future.

Slower pave of life.