Hi BP community,I have 2 lots in a hot neighborhood that I'm getting for 1k.The thing is (and there's always a thing when you're getting something for super cheap is, these 2 lots are directly across a street from a very unattractive substation or electrical station.I feel pretty confident that I'll be able to rent bc of the neighborhoods location and the surrounding the blocks have beautiful houses.My Questions Are:1- I'm trying to get comps so I can build on this land but how do you take into account this ugly structure, nothing on this block has sold recently.

For those not in the know, Englewood has become a hot area to invest in.

I find myself contributing if someone is really in a bind or getting/about to get messed over or in hot water with a poor partnership or financing structure.  

My personal opinion (owning places in SD myself): that market is too hot to go in now via public listings, especially if you don't want to rehab.

@Shane RonayI will make this simple if it a small deal under a million dollars (non commercial less then 4 Units)then the buyer will just give you the fee in cash ....... the market is that hot and everything is bought in cash anyway.If it is a large deal NYC style then they will just do a reassignment. 

I have not looked at SW but I am in SE Florida a good amount, the market is so hot it is not worth investing.

Houses in my neighborhood are selling like hot cakes, hit the market and sell the same day.

Last week, I posted this:https://www.biggerpockets.com/forums/12/topics/332...The bottomline is: to be able to compete in this HOT market, you got to find OFF-market deals.

Hello BP, I have a lead for two land properties in  hot area in Houston and I wanted to know the process for opening a title search for the property.

I don't own yet, but I have been putting these into rentals that I manage.We are in California where there have been drought conditions, so it has been more of a focus.I like .5gpm aerators for bath faucets and wouldn't suggest going below 1.5gpm for kitchens.Some properties have had low flow toilets, shower heads, and a circulation pump added to the hot water heater to reduce water waste.LED lights have gone into some of the properties.