As an added benefit, we all got a lesson in redevelopment and "highest and best use" of a piece of real estate.

I know some property management companies offer this service for a fee, but i can run the risk of them overestimating the repair cost for their benefit.2. is it possible to finance the repair costs from either the equity of the house, or through some other source that would consider the arv?

Each citizen should be required to serve, somehow, in some capacity of their choosing which is for a public benefit and is done without pay.

Some of the benefits are: It doesn't take much money to get started.

Each lender has their own policies on how they view the "benefit to the borrower:" mentioned by Jonathan Rex above and you want to steer WAY clear of this for reason 3 below. 3.

IMO I think you would have to review both pre and post tax benefits/deteriments as taxes are part of every (legal) financial deal.

At the time the legislation was enacted, only homeowners with adjusted gross income less than $110,000 and who itemize their deductions are eligible to benefit.

That inspired me to start buying rental properties because I saw how many benefits there are (as long as they are managed properly) I joined the site to learn the hidden aspects of real estate that can be easily overlooked by someone just starting off.

You planted the idea in the prospect's head and now your competition has reaped the benefits of your marketing.

Understand their perspective and "sell" how your plan will benefit the city.I had a parking shortage for a commercial property I wanted to sub- divide.