Hi everyone,I’m exploring a unique development opportunity involving my property and neighboring parcels, and I’d love some advice on how to move forward.My neighbor is currently in the process of building 54 townhomes on the property directly in front of mine.

Purchase price: $73,000 Cash invested: $25,000 Current market rent $1295 vs $1300 for Section 8.

They are currently on the IRS radar due to widespread abuse:https://www.irs.gov/charities-non-profits/conservation-easem...

I am currently in the Process of renovating my primary home.

I currently live in Phoenix, AZ but I'm looking to purchase land and put two prefab homes on it with my business partner.

Do you currently live in Chicago?

When including maintenance/cap ex, vacancy, pm, misc he will have little, and possibly negative, cash flow.if he invested almost $250k to add less than $150k of value (assume some of the current value came from the home appreciation), there is no cash flow until the initial negative equity position is recovered.  

With no experience or funds to get going on this solo (currently a bartender), my thought was to join someone who is already doing it and learn along the way.

I'm glad to hear the BRRRR strategy is alive and kicking as that what I'm currently trying to do!

We live in Southwestern Ontario and currently it's a 6 hour drive to Columbus.