The lot is approximately 8 inches short of the minimum lot width requirements.

It also gives me a great sense of pride knowing I did it myself, not to mention knowing every inch of each house.

Detailed breakdown of my estimate is below TASK UNIT Materials Needed Line Item Cost Remove Old Siding Per SF 2,800 $1,400.00 Vinyl Siding Per SF 2,800 $14,000.00 Lawn Maintenance Per 1/4 Acre 2 $70.00 Roll-Off Dumpster Dumpster 1 $350.00 Full Demo Per SF 900 $360.00 Natural Gas Hot Water Heater - 50 Gallon Per House 1 $710.00 Replace All Supply Lines Per Fixture 5 $1,000.00 Install/Replace Tub Per Tub 2 $1,500.00 Build Tile Shower Per SF 160 $3,120.00 Bathroom Sink Per Sink 2 $140.00 Kitchen Faucet Per Sink 1 $90.00 Bathroom Faucet Per Sink 2 $280.00 Trim Kit Only Per Tub 1 $360.00 Install/Replace Toilet Per Toilet 2 $540.00 Upgrade Service Per House 1 $1,400.00 Rewire House Per Fixture 50 $3,000.00 Add New Switch Per Switch 15 $1,875.00 Install Can Light Per Can 10 $1,000.00 Bathroom Vanity Light Per Light 2 $260.00 Replace Heat Pump Per Unit 1 $2,750.00 Batt / Blanket Insulation Per board foot 21,600 $11,880.00 Wall Board Per SF 18,000 $20,880.00 Exterior Door Per Door 1 $230.00 Interior Door Per Door 10 $2,450.00 Sliding Glass Door Per Door 1 $850.00 Paint New Sheetrock Per Floor SF 1,800 $3,510.00 Install Kitchen Cabinets Per linear inch 360 $6,300.00 36" Vanity Per Vanity 2 $460.00 Granite Countertops Per SF 40 $2,440.00 Install Laminate Wood Per SF 1,800 $10,800.00 Permits Per House 4 $800.00 Refrigerator Per Appliance 1 $1,200.00 Range Per Appliance 1 $1,200.00 Dishwasher Per Appliance 1 $550.00 Microwave Per Appliance 1 $300.00 House Cleaning Per House 1 $200.00 Total - - $98,255.00

If you play it right, and buy it right, you should be able to 1031 your proceeds from one deal to another, thus inching closer to your final goal. 

And yet the neighborhood around it is going up, so we can capitalize on either a complete remodel or making it a tear down in the future.Its not so much about comparing what we like to do vs a long term buy and hold, but rather we have a long term buy and hold with multiple outs.So for instance (a real example), we bought a 3 bedroom with a weird configuration, some odd things like 7 inches between the lower and upper cabinets in a transitional neighborhood right near downtown.Purchase price was $180K, 2,700Sqft, the house most recently had rented for 1,300/M.......Although it was configured as a SFH, the property is zoned MF.We put in about 30K to turn a loft into a bedroom, added a couple of closets, closed up a door, painted, put in some flooring,  redid the privacy fence,  etc etc. 

Power wash buildings, trim trees, paint signs or doors, caulk windows, put down new mulch or pine straw,  etc.

kind of like the bathrooms I see in Singapore.. all tiled step down an inch and there is a hose bib.. they just hose them out. 

If a foundation changes in height by 2 inches or more within 12 feet.

You could cheat and put the tile over the hardwood to save yourself a half inch but the tile job may not last as long.

Where every square inch of soil absorbs water like a sponge?