As you move to the next team/city you can repeat the process. 

Like any city, there is dilapidated housing stock in rough areas that can cost more to upgrade than they are worth. 

You need a siteplan that you can present to the city.

In the interest of connecting with agents here, my interested markets are:Bloomington-Normal, ILCrescent City, CAColombus, GALouisville, KYSavannah, GA Peoria, ILMilwaukee, WI

In cities desperate for revival (Rochester and Binghamton are high on that list), this is the wrong move. 

Population and economic growth, strong tourism, proximity to other New England cities.

Call your city and see if that's large enough, I think you need more like 10-12 ft width and 15 - 20 ft length.

After all expenses paid the profits are closer to $2k at $8k/month revenue. 5+ bedroom homes in mid-sized cities is my strategy. 

That's because the city won't calculate the actual amount till a structure is built, aka it's not just a plot of land anymore.This will obvious cause your property tax bill to go up and also your mortgage escrow account as well (sometimes these things can make your mortgage shoot up a few hundred a month). 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!