I can certainly understand your position as an attorney being fully exposed to everything the mind can conceive, you are well equipped to filter things for yourself, most beginners are not that well equipped by education, experience or even as to social expectations in business.

It is only with the greatest of trepidation that I can conceive ever pleading my perceived right to an abandoned property in a court of law.Judges are simply people with a mentality very much like those who post here on BP. 

., property appraised for $475k so we pulled 70k our by refinancing into a 30yr @3.75% with a principal+interest payment of $1600 + 300 for taxes and insurance and rented it out for $2500/mo, renter pays utilities, we manage the property, new loan amt is $340k.Other identical townhomes in our development and others like it have sold for $600k, so I would say that I could conceivably sell the home once the current lease is up and walk away with $200k factoring in all selling costs.I expect that we will be able to raise rent to 2700-2900 in the next 2 years or so and possibly up to 3200 in 2021 as there is a light rail being constructed that will drive a lot of demand from people commuting to downtown seattle.Specific Questions:Since I refinanced and took my initial investment out of the property, this seems to skew all of the standard evaluation metrics (IRR, Cap Rate, etc...), if I factor equity into the equations this looks like a terrible return and if I don't its a great return. 

I'm certainly not going to have the motivation to pen a somewhat manic and ill-conceived (aka. potentially brilliant) idea in the middle of the afternoon.My best writing happens after dark, but maybe that has something to do with having two craz...errrr...wonderful children under the age of 4.

He is not a designer that designs for random home owners. check out some of his work here to see if it is what you are looking for:http://intowndevelopers.com/Again these house on this site are complete gut rehabs they not only include all material selection but he conceives the the layout and does the laser drawing.AC

If you wait the 6 months then you could conceivably get $80K, leaving only $5K behind.

It's hard for me to conceive of how I can "buy below market" value in this market. 

My efforts directed at the real estate are conceived from the idea that if there was sufficient wrongdoing that went on with the real estate, maybe there's a possibility it could result in the real estate going back on the market again. 

When I moved here in 2006 it was perfectly conceivable to buy a livable house for under 100k just a few miles from downtown.

When we did not achieve the necessary amount of agreement on the bond solicitation, at that point we recognized that it was conceivable that we would not get the time outside of bankruptcy that we had hoped for to work on a restructuring," General Growth President Thomas Nolan told Reuters.The company's collapse is not expected to be an isolated event.