Definitely worthwhile.  

If an area can be changed and brought back to life, made more desirable then going there can be worthwhile.

Employment also seeks skilled workers for the type of job functions needed so it should be somewhat of a prerequisite in my book to have higher education institutions in the area.Job growth - generally, the attractiveness of a particular area is determined at the state level where grants, taxes, other incentives are determined. also, as aforementioned, an adequate workforce pool to pull from.In viewing investments, the buy and hold portion of the scenario is concerned with appreciation; And as we know, there must be cash flow to make the investment worth while.

It seems that the government is planning to roll out smart meters across the country.These may prove worthwhile, but it seems that some are seeing higher utility bills because of them.http://shoptxelectricity.com/2010/12/08/are-smart-meters-really-smart-for-texas-electricity-customers/

Given the risk of the investment, even if the return truly was 7%, which I am sure it is not, the return would be nowhere near what it would need to be to make it worthwhile. 

Yes, it would probably be worthwhile to view properties there especially since you have connections and family in town...

BP previous had a scoring system that was being gamed, so I don't expect this algorithm to be disclosed.Maybe you should just spend some more time contributing worthwhile content and not worrying about some hypothetical score that probably means little to most members.

And if debt, is it rolled into the $1.2M development cost number of not.If all the capital is from debt and is rolled into the development costs, you and your dad split $275K with no cash out of pocket -- not too bad for a year's work if that opportunity cost isn't greater.But, if the capital is either debt not factored into the development costs or from equity partners, I'm not sure there's enough "meat on the bone" to make this a worthwhile venture.Lastly, if the capital is equity that you and/or your dad is contributing directly, then the $275K is split between compensation for your work and ROI on the investment -- probably not a great return for either side.In summary, this seems like a reasonable deal if all you capital costs are rolled up into that $1.2M figure *AND* if you and your dad think that splitting $275K for a year's work is a decent salary.Btw, this doesn't take into account the risk, which I'll assume is factored into the debt costs and your development budget.

Or perhaps find out the costs involved in getting a legal permit for the kitchen and decide if it is a worthwhile investment?

Is it worthwhile exploring selling by myself?