Development on either side of the neighborhood has gone berzerk.

If you decide to do it, it would be wise to obtain a valuation by a third party or if that proves to costly develop your own comparables to justify your allocation.

@Wai FungI can help with development projects, particularly development of SHF projects and multi-family units.

With a target customer segment in mind, then you set about developing a product or service that your customer is willing to pay for that consistently meets their needs better than the competition.When we bought our two SF rentals, I used that same approach.  

As a developer, it's important to have an understanding of zoning and some sense of how much you can densify a site.

Here are the 5 basic steps:  First, you must define your niche and develop your business plan.

After research and two visits to house (in Sayville, NY) there is interesting situation developing: this property is in very good condition, and need only some paint and few gallons of clorox, utilities are off, comparable houses in area were sold for #380-420k. 

Once this one is closed, rent checks are coming in and you can see how expenses iron out, etc you will be much better suited to identify a better deal in that area/market.

I'm interested in learning and investing in SF or Condo/Town houses out-of-state to develop passive monthly income.

I'm interested in learning and investing in SF or Condo/Town houses out-of-state to develop passive monthly income.