If you get into land that has any type of geological issues (sandy, rocky, sloped, etc.) it will increase the development costs considerably.

This is a topic of considerable interest to me.

They are both located in the Edgemere neighborhood, which is on the north side of Crown Heights.

It is a common general consideration among long-time experienced investors that once a way to make money becomes popular and trendy by those with less experience, then the investment opportunity has mostly peaked and passed.

Branding is not what we think it is, it's what the consumer (homeowner) says it is - and it takes considerable time and money to imprint our brands in the minds of the consumer.

Do they take my PM into consideration when assessing me as a risk?

Take in to consideration the type of tenant she is.

There has been no due diligence with regard to zoning, permit costs or needs, liens, existing mortgages, property taxes, insurance costs or other considerations, practically nothing useful and needed other than a maybe on the ARV and a guess at repair costs.

Add mechanicals, that's another $2-3 per sf, add roof, that's another $2-3 per sf.Just that stuff, and you could easily be at $20/sf -- on a 2000 sf house, that's $40K, and that's only basic cosmetic and mechanical repairs (knocking down wouldn't even be a remote consideration).Now, add in finishing a basement, doing some serious landscaping, upgrading plumbing and electrical, etc., and it's easy to spend $60-100K on a rehab.

Is it considerably overpriced?