My hope is by end of next year he has a local small MF value add house hack (probably will cost ~$1m so it will be a challenge).Clearly I did not sugar coat the path (except I suspect demo child does not fully convey the true extreme of his behavior; the police knew our address without being told). 

Student housing tips include clear lease terms, property durability, turnover, communication, market trends, and financial stability.Good luck!

Do I think the fire dept could have communicated more clearly upfront, maybe, but they did mail out to all registered owners the standards. 

Nearly everything you mentioned here clearly and emphatically says you have tons of homework to do.

Or are you assuming you should buy them all and list them on the MLS for $820k, clear $770k after closing costs and put $120k in your pocket?

@Francisco Pineiro To protect yourself when working with contractors:1.Start with a Clear Scope of Work (SOW): Ensure every detail of the project is outlined in writing, including materials, timelines, and deliverables.2.Use Milestone Payments: For a $40K rehab, consider this structure: 10% upfront, 30% at halfway completion, 30% at 75%, and the remaining 30% upon full completion.

Do you own the property free and clear?

That's part of why I still think it's a great time to get in because most people who are not in technology are very skeptical but there is clear underlying value.Interesting thread, although I think you just set up a straw-man argument with the statement about the internet in 1995.

The property deteriorated so much after 3 years of neglect and vandalism and squatters that Dallas County ordered a “tear down” order and leveled and cleared the property, slapping on a municipal lean.  

A clear newbie.