Another development, he hasn't replied to me since this Wednesday and today sent me a text with another story apologizing for not responding and decided to send the $50 late fee (which I received).  

If my research is of any indication, the owner might be looking to turn this land into a development site for a condo.

I have since identified my mistakes thanks to Richdad and Biggerpockets so here we go!

I'd like to be an investor/developer in the future and CRE seems like a great place to learn while you earn.

However, there are a lot of hotels looking to build in and near downtown Waco and you best believe they will start lobbying and pushing their weight around to get STRs banned or regulated as much as possible when they start moving forward with development.

Initially I will need estimates prior to purchase, so if you know anyone that is willing to do a walk-though, identify potential problems, and provide a rough rehab estimate, I would be eternally grateful! 

I want to explore the opportunity to add additional square footage in the form of a room and/or bathroom, if possible.What are some thumb rules or guidelines to identify the feasibility of a adding a room and even a bathroom.. please advise. 

The Seller's agent knew the Seller ahead of time and has developed a working relationship with the Seller.

I don't completely agree with the previous comment, mostly because I think Charles' emphasis was not on seeking "deals" but on identifying and buying properties that are profitable from day one.

I have a property across the street from where they just bought some land, and I'm interested in finding out how they're going to develop the land.