Now, it gets better...On the same street and same block as mine, there have been several properties that have been retail flips that have sold for $125k - $140k.

The ground floor is a commercial retail space, with a large apartment on the 2 & 3rd floor.

Investment or retail?

I do retail though.  

I really think the owner is in for a rude awakening when he try's to go retail.  

We specialize in buying distressed homes, renovate and resell them to retail home buyers and landlords.

Those low end homes like that aren't really appreciating at the same pace. 

While I intend to pursue the Wholesaling avenue, as well as the Retailing avenue in my Flipping Business, I need to also know whether or not it is legal for me to sell any leads that I may run across, out of my normal work area, to other would be Flippers.

The corporation focuses on residential real estate single-family and multi-unit properties, established restaurants and retail stores and businesses.

Below is an interesting take on own versus rent, for average retail buyers.