The asking price is about $4000 per acre however, adjoining properties with less acreage and no lakefront are selling between $12,000 and $15,000 per acre.

Why is the seller letting go of a duplex that, on the surface, looks like it has a pretty strong cash flow?????

Hey Craig,On the surface it looks like a good deal, but the X factor is the repairs - though you have a buffer due to it already being fully leased.

Pour leveling compound over the rock to provide a flat surface, then install tile.

I feel like I'm able to surface again and would love to join in on a meet up in December if anybody is organizing. 

Solid surface is best.

I've gone through many podcasts and posts from this awesome BP community, while only scratching the surface I have a much clearer picture of how to concretely think about RE investing as a vehicle to generate wealth.  

Thanks Zack, the "problem" in finance and banking is that the surface always has some deep holes below it in many areas, almost like looking for the big catfish.

b) Demo'ing every surface that could have lead-based paint on it.Once the remediation is done, another round of testing is done and if NO lead is found, you get a certificate and do not have to ever have another lead-based paint inspection done.Given that many suburban Detroit cities have a decent percentage of houses built the same time as Detroit houses, and have never had remediation of lead-based paint done, why is this only required in Detroit?

Since that time I have bought two more times (all adjoining parcels of raw land).