One more I can add is the note investor who thought that holding the note gave him the right to determine how the subject property was managed, with approval of tenants, leases, and maintenance contracts.  

I imagine there may be steps to take with the city upfront to determine if in fact the ground on the lot can be built on, but some general guidance or tips on best place to start and what to expect throughout the new construction process in Buffalo.

But once you see that $16,000 of the $20,000 are prepaid homeowners’ insurance and property taxes (that you'll be writing a check for shortly anyway), you determine that the actual one-time closing cost is only $4000.

ssent a connection request, let's talk more details offline to help determine "what is best" for your plans! 

Second, I look at listing photos and Google Earth Street View to assess the condition further.Third, I determine a rehab scope and run it by my agent.I have my agent, inspector, and contractor walk the property together.

Having a consultant who has worked with the agencies before is a huge plus.Alongside the developer, creating a defined site plan is needed to determine the improvement & infrastructure cost. 

. - What systems/software do you recommend to use to determine the markets to invest/buy into?

The appraiser determined the property had functional obsolesce, making it something that not many lenders would want to finance.

Without understanding what you want to accomplish, it can be difficult to determine the best course of action.  

In addition to doing regular inspections as soon as someone gives notice due and immediate inspection to determine if the unit is being kept up decent or if you need to plan on some repairs before it is turned.