Suzanne, This is impressive - love to see deals being made in my local market.

On top of that, many policies have become more strict (especially in the last few years) with replacement cost language because replacement cost estimates did not keep up with inflation for a period of time AND/OR replacement costs on many older properties had skyrocketed so it made more sense to calculate replacement values with functionally equivalent rather than exact materials.

With that being said, I have probably purchased around 20 or more properties in the past 2-and-a-half years and I have made money on all but one or two deals.

Ran the numbers every which way and it made the most sense by far.  

How you made it to 50 on spreadsheets is mind blowing to me.

I suspect the company made a few million maybe many millions I suspect very few if any who spent the money made 200k net in a year.

., than sold the approved ready to go deal with plans to a builder who completed the redevelopment and made themselves a nice penny also.

What made you interested in investing in this type of deal?

I think my main pain point is underwriting the property as it is and then seeing what it could be and then making decisions on if it's worth and how those decisions are made.  

Many of my customers who are traveling nurses buy condos or townhomes in Florida as vacation homes, then rent them out when they're not in town.This system has proven to be very lucrative, as it allows them to service the mortgage debt and generate a good cash flow.