Appreciation when you buy at the right time and when it's NOT the right time flipping for quick profits.Purchased 10 condo's ten years ago during the last downturn for $100K each. 

Hi Everyone, I'm new to Biggerpockets and had a quick question.

Quick story to get you up to speed.

If they are professional, they can explain this quickly and easily.

I had only gotten to the point of doing a quick sketch layout and code research of the acreage to see what kind of development could go on it and how many lots I could fit.

Also depending on the year built, lead paint and/or asbestos abatement will be expensive.Here are the things I look for when I do a quick walk through deciding if I want to offer on the property.

Some of them might not look so terrible when you drive through quickly but try walking them once the sun goes down. 

Wow I didn't expect such a response so quick from people in my area!

@Chris Jurgens, run your numbers and you can find out, I use this simple bar napkin math to quickly analyze, and then if those numbers work out, I analyze in depth. 

   :)   To be very safe (and ethical) run the tenant / buyer through a mortgage broker before you let them lease and pay the option fee.