Hey guys,I've been looking a SFR (2/1 semi) out of my city for the last month and I'm seriously making an offer.

Hi everyone,After lurking through the forums and BP YouTube channel for the last couple weeks, I finally decided to join the community.  

My tenant is a truck driver and parked his big commercial semi on the portion of the lawn next to the street.

I study music education but have always had real estate as a final goal in mind.

I have one deal under my belt in Bridgeport, CT which is a two family that is finally cash flowing after a little under a year.  

I finally found a property that is suitable to doing this type of development in sustainable living.

It's not as simple as saying "anything with a life greater than a year is capitalized" especially with the Final Tangible Property Regs. 

I prefer actually working the numbers backwards, as described here:https://www.biggerpockets.com/renewsblog/2010/03/1...Using this same formula:MPP = Sales Price – Fixed Costs – Desired Profit – Rehab CostsYou should be able to determine the value (MPP) for a tear-down.The Sales Price would be the final sales price of the new construction. 

I have been looking for the last year and finally put my first property under contract in Tampa Heights.

After a couple of years of dabbling in real estate I finally joined the local real estate club as well.Best and worst part everyone around me is so supportive and these people are offering to help with financing .