A tear down and rebuild is great if you have millions of dollars at your disposal lined up for you to rebuild some brand new townhouses or condominiums.

We have found through our experience that these price points help provide a higher quality home (age, location, school district, curb appeal, crime rate, median household income, lower maintenance profile, appreciation potential, etc.) and a higher quality tenant (fiscally more responsible, less transient, strong job security, etc).I hope this helps give some clarity to our business and please let me know if i can be of assistance.Sincerely,Michael Finn

The housing authority will give you an official list of the household members allowed to live in the apt/house.

Also, at least here, it would depend on how they were built-for separate fee simple units, they would have to have separate utilities, not crossing the common property line, otherwise they would have to be condominium ownership if divided.

Nationally, housing prices are 5+ times household income.

In order for us to combine households in a property where we don't feel like we're on top of each other, we'd need the proceeds from their home to do so (we live outside of the DC area and land/big houses are quite expensive).

who do you suggest to use to produce the leads and approx how many household should one generate leads for?

As this is your first project, and your household income will significantly decrease once construction starts, my guess is you'd be looking at a lender that somehow is interested in the proposed project, would be willing to finish it if you can't (you've spent your reserves), and will be deinitely lending at a high cost.

I know this would vary based on a buyers list but i was curious to hear some opinions on where some of you thought a good starting point would be as far as price, condition of the home, and areas to target based on average household income.

I know this would vary based on a buyers list but i was curious to hear some opinions on where some of you thought a good starting point would be as far as price, condition of the home, and areas to target based on average household income.