.- Another plus is that I own 16 units just down the street so the location for me is helpful.His initial asking price was 650k and now he is thinking he needs to be at 700k.

As the popular saying goes, you make money when you BUY, not when you sell! 

Private Lenders - Invest in Main Street, NOT Wall Street!

Cost of land: $300kAppx Total Cost to build: $750k Appx Re-sale value: $900kTotal Profit: $150k Major Home Renovation: Long Term Flip OR after renting for a while, tackle a major renovation(2) houses have sold on the same street in the last 6 months for $219/sf and $294/sf that were nicely renovated with 3 bedrooms (which this house has). 

There are multiple properties on the same street that are also quads worth anywhere between $330k to $350k. 

@Tracey Geary Keansburg213 Main Street unit 9

I once looked into a similar kind of project in NorCal and discovered that the city fees to get utilities on site (water meters at street, electrical transformers, ect) were in a certain range depending on the unit mix.

You can get yourself two decent properties in any of the following markets.Cleveland, OhioCincinnati, OhioDayton, OhioToledo, OhioYoungstown, OhioCincinnati, OhioMemphis, TennesseeSaint Louis, MissouriIndianapolis, IndianaDetroit, MichiganErie, PennsylvaniaLouisville, KentuckyMilwaukee, WisconsinJackson, MississippiKansas City, MissouriBirmingham, AlabamaCleveland is the one I am most familiar with and it's also very popular with investors across the USA so I figured you'd get some value out of reading The Ultimate Guide to Grading Cleveland Neighborhoods.

Your opinion is welcomed.My wife and I came across an inexpensive property, in a pretty popular vacation destination in the mountains, that we would enjoy for ourselves.

It going to be at Sahms Ale House Monon 1435 E 86th street 46240.