It's getting hot and will get hotter, this kind of people can completely transform whole neighbourhoods.I heard in downtown only big shots will be able to buy industrial buildings and convert into residential.

.#3 Atrociously Expensive. is the one that draws the greatest ire, and I'm really not sure why since the entire BP boards existence is predicated on the notion of an industry that specializes in selling at a profit, or servicing for fees.

It helped me gain perspective on the industry as a whole, and decide what my particular niche was going to be.  

.$150k cash once current rentals are soldLooking to build in an area where land is approx $450kAverage house size in this area is 3500sfAverage sale price of houses in this area is $500/SFI have a day job in the construction industry and would build this house in addition to my day job.  

@Antonio Arias Assuming there is equity, you could wholesale the property to a retail buyer.

The taxes are 1% if Owner occupied ONLY. 2% for rental and 3% for commercial/industrial. 

It is just the industry does not like it - less $ in their pockets.

From what I have seen in the industry the underwriting is pretty good.  

My plan is to run my buy and hold residential business as follows:1) The retail side of the business will be run as an operating company (OC)  that manages properties.  

Is there an industry standard for the length of time between getting the water bill and the due date for the tenant to pay?