I had rents go down at 2 of my units because of development in the area.

Located not to far from a new developing neighborhood.Owner is asking for $189,000.

I know of forest bluff and Austin colony developments by DR Horton in Austin that will give me that kind of rent, but since I have already bought one in Austin I don’t want to put too many eggs in one basket.I liked one new townhome construction by DR Horton in Durham within my price range but are not offering the phase 1 to investors.

Retail use or office buildings are $1M+, but I'm not a developer at all.In my mind, considering a property is already present (and might involve demo to upgrade the overall property), what's the best way to analyze this property.

Those cities have shown growth and developing infrastructure to support the growing population.  

Yes, I said Sales Rep or Business Development Rep.

Thanks guys, I will request as many  MLS documents from realtors from the area we want to purchase and develop some spreadsheets to help with analysis.

I work as a land use consultant...and have been on both sides of this for condemnation due to a new development as well the new development receiving condemnation for improvements.

I'm interested in developing a partnership as well.  

Do you own the land for the 115 unit development currently?