What makes this attractive to me is the quick pay off and high rent ratio along with the long term "potential" of a waterfront lot for a rebuild. 

Are you attracted to it because you want to be self employed?

The house is in a good area that attracts a lot of people.

The 10,000 square foot Rakow Branch, situated on Elgin's West Side, is LEED registered, and was designed to be expandable up to 30,000 square feet.

Hi,My name is Hugo, I am new in this forum.I am an investor and Architectural Designer.

I'm watching one of the podcasts that interested me, and I wonder - what attracted you to the specific niche that you are pursuing? 

I've always been interested in architecture and houses and while the trig classes as an undergraduate in Architecture ensured that I wouldn't be the next Frank Lloyd Wright, my love of design still stays with me.  

If the existing porch is less than six feet from an interior lot line, the enclosure shall be a minimum of one hour rated construction, if in conformance with the Zoning Ordinance. (3) Replacement porches shall be designed to meet all load criteria for new construction.

I would suggest you look at crowdfunding opportunities...I can't seem to understand the attraction to the crowd funding platform.

We are designating one "cell" as an S Corp if we flip homes.