Hi @Kent NewmarkYou're probably all over this but buying a tear down is very different from developing raw land.

But I don't know your zoning laws or the demand for raw land in your area.I would dig around and see what land in your area trades for but this doesn't sound like the greatest deal in the world.

Rental Income:$900Bedrooms:3Property Tax:$140Bathrooms:1.5Insurance/HOA:$60Size: (sq ft)1,618 Property Mgmt:$72Price/Sq foot: $59Cash Flow: (Raw)$628Year Built:1920Cap Rate:7.9%

EXISTING buildings with tenants and income depending on purchase price can range from 4 to 6 percent total typically although it varies.In your range which is low for commercial an existing building definitely 6%.Now raw land is DIFFERENT.

These tax credit properties seem like they are a lot of work but seem like they can be very fruitful.

The second syndication is currently raw land in NV that a developer will be building out into a townhouse community and selling individual units over the next 3ish years. 

I also invest in large multifamily properties.With experience as both an agent and investor, I feel (somewhat) qualified to speak to this important relationship and how to make it synergistic and fruitful.

Looking forward to a fruitful experience here on BP.Cheers!

Yeah I think maybe it may be more fruitful in the sacramento area.

. :-) Those are the first ones that come to mind, but I do love this site, have learned quite a bit, and made many fruitful connections on here!