I knew an investor in NY who did a huge rehab without the proper permits....the town waited until he was done and made him tear it all down and start over!  

What part of town is it in?

Owner-held mortgage.  3 units I can alternate between AirBnb and/or longterm rental (probably averaging 2,400 rent roll first 2 years - long term tenants -, then after some reno, and new turnover, Bnb, averaging about 6-8,000 month, really) because it's located in a place short on hotels and BnB's in a very popular town.

Hello fellow BP'ers---I'm in the process of looking over a deal in my home town of Greenville, NC.

As it stands now the value of the multifamily town homes are roughly 1.3-1.5 million. 

In San Antonio there are more investors or buyer of your properties than out in the smaller towns.

If you ever have any questions about properties in the area or just need some recommendations on finding the best BBQ joints in town, I'm happy to help! 

But you don't do that by stopping to buy houses so that they can get better deals.They need to compete with you because you'll both be competing against the entire town. 

Ive had potential tenants who want to relocate to the area and are just in town for a day or two to find a place.

I want to say the town was giving away property back then.