Hello,My name is Trevor and I am a brand new and aspiring real estate investor. I have for many years I have been fascinated but the thought of investing in real estate. I am wanting, like many others to grow my knowl...

Philly is block by block so you can literally find C class in every section of the city.

Purchase price: $133,000 Cash invested: $22,941 Very first rental property located in the same block that I grew up in.

I only bring the last bit up because your thread title concerns forces that distort the market. its not a market distortion.. the two assets are completely different and bought for different reasons. renters could give a rip who lives on the block IE other renters or owners.where owner occ's are very cognizant to this.. this is why developements have restrictions on how many if any properties can be rented at all.. 

(there's a diy bridge connecting the house to the apartment which will most likely be removed.Within the small neighborhood, only a few streets away have been nearly 20 homes sold in the last 6 months, and only two sold under 200k, most 220+, all of them single story, most 3 bed 2 bath, several are new construction.my short term goal is to own and rent the apartment and live in the main house for the rent to cover expenses, no positive cashflow necessary, but appreciated.the house is in need of extensive repair, it's on block foundation, but not in a flood plain and did not flood in hurricane harvey, (I'm in houston). obvious potentials due to original construction being in 1950 is asbestos, rewiring entire house/upgrade, redoing all plumbing, replacing most windows, hopefully not a complete install, and it has no central hvac.

Along with other timber company holdinds.. so to square off sections and multiple sections its common for these companys to swap lands to simply make their holdings into blocks of contiguous sections  ( section is 640 acres 1 mil by 1 mile as the crow flys.  

Long Island is quite strange because NYC, JC, and CT are right next door, yet LI's fundamentals are making my head spin.Both in NYC and Long Island, the net income from job would be about the same after the LIRR/MTA/c...

I listed my property on cozy.co and then shortly after created an ad on craigslist and to my surprise craigslist blocked the property listing due to cozy.

@Tommy VolpeYou should tap off the shower lines hot and cold for the sink/vanity and tie the drain into the closet drain pipe.

The buyer's realtor has initiated the process with the local FD to burn the cabin but I am concerned that there will be additional road blocks if there are items that remain in the rubble that need to be buried that will cause issues with the buyer's lender.