It seems like a decent prospect for appreciation and cashflow since it's situated between JHU and Penn Station and is the site of a fairly substantial development project (Telesis), but I understand the strength of the deal will be determined by what price and condition I acquire the property at. 

That means that he can only work on your project after 5 pm and during the weekend.

Looking forward to possibly working on a project with you! 

Net Worth and Income have no causal relationship to Investment sophistication.

I'd love to buy the place if she did sell but I just bought my first property and don't have much reserve for both projects.  

I know hundreds of real estate investors per every contractor able to handle a project.

My only problem right now is that I feel like I don't have enough time and money to take on more than one project at a time. 

Expected rate to return will depend on Investors Strategy independent to project.

This has allowed us to get rid of PMI and utilize a HELOC for any future investment purchases in the future.My best advice for you would be to find a local real estate agent who is familiar with what you're trying to accomplish, a lender who can offer renovation financing (and navigate it smoothly, as sometimes they can be more complex), and a contractor who will be able to take on this type of project with the bank.Best of luck!

She will allow me last look on the property if I can get comfortable enough with this project in a hurry.