I am going to assume that you have obtained the proper permits.

Site work, permits, land costs, utility connections, etc.  

City inspectors become familiar with all of us over time, so them shutting down a job after we have done a number of rehabs is unlikely so long as we pull the proper permitting.  

I have talked to a number of realtors in my area and these are selling well.Purchase lot $31,000Plumbing $15,200Electrical $10,600Concrete $15,800Dry Wall $12,760Flooring $4,000HVAC $16,158Lumber and cabinet package $66,976Driveway $3,200Landscaping $1,200Realtor fees when selling $13,000Bank fees and interest $4,100Building permit $1,700Labor to build - Paid to my construction company $36,750Total cost $234,344Going with recent history of what others are selling for in the area it looks like it should sell for a minimum of $250,000 possibly closer to $265,000.

I will probably be a the meeting on Wednesday (job permitting), so I hope to see you. 

Too many unexpected things pop up on rehabs that will set you behind - unexpected work, permits, or contractors not finishing on time.

Those who had constructed higher density buildings prior to the action - and the odd one who has since made the argument for higher density given the adjacent lots are already zoned as such - are the few true multi-units in the neighbourhood.Unofficially, the boundaries of what is permitted by zoning (a single family dwelling with an accessory apartment) are frequently pushed and there are many older 1500ft^2 post-war houses which have been converted from 2/1s and 3/1s to 4/2s and 5/2s and most of the properties in the neighbourhood provide student housing.  

With only seven lots and two thirds of an acre I also would asked the question if this is a true permitted mobile home park, or simply a small piece of land the owner has added more and more mobile homes to over time.

With only seven lots and two thirds of an acre I also would asked the question if this is a true permitted mobile home park, or simply a small piece of land the owner has added more and more mobile homes to over time.

We run 3 full time crews that directly work for me that handle the 80% of the rehab; the items that need permits pulled, we sub that out to licensed trades that give us well beyond 50% discounts off retail due to the volume we give them in our Turnkey and Property Mgmt biz.