There is a lot of competition and you need a lot of marketing spend even to make a dent.

Obviously aside from minor material cost savings the biggest reason is to save labor on all of the cutting in, which I feel would likely be moot with 3 sheens.

It's going to cost about $550k to build and it has already appraised well over $800k.

Quick Turnaround: Whole-tailing allows for rapid transactions, minimizing holding costs.

Diversifying your portfolio can reduce risk and potentially increase overall returns.Opportunity Cost-You might miss out on potential opportunities to leverage your equity and acquire more properties, especially in a market where finding cash flowing properties is challenging.Pursue a 1031 ExchangePros:Portfolio Expansion-A 1031 exchange allows you to diversify and increase your investment portfolio by acquiring multiple properties.

Be sure to no only account for the cost of the cash for keys but your additional holding costs while you have to wait to get them out.

I also suggest that the tenant install a camera that stores videos of the driveway, then when tenant has proof, you can send notice to owner next door that he is to eliminate hazards he is creating, or you will sue for damages, especially if it costs you tenants, as they can’t afford and shouldn’t have to deal with repeated damage.

Was the owner doing his own repairs and hiding the costs?  

For instance in Vegas its pretty cool and easy but it creates uber competition.

I will say REPS is one of the areas of the tax code where it is very costly to get wrong.