As a newbie, I have acquired three lovely City lots in a cozy little Colorado town close to the second largest lake here in the state with the closest sky resorts being just ninety minutes to Telluride and forty-five minutes to Durango.

I've met with 80+ builders in our market and only three can build with their GC fee at less than $160 per sq ft. so let's back into your largest you can build and say you find one of three builders in your market and have perfect execution. that's tough to get, most will do $180 a sq ft hard cost no permitting but let's say you do it even better. 180000 / 160 is 1125 sq ft. now personally as developer I'd make that 3 studios and make a ton of money but if you want comfort, you don't have a lot.

I was fortunate as I worked in the largest Tax Lien Foreclosure law firm and processed many tax lien certificate foreclosures and got my feet wet as they say working other investors files. 

The largest drops were in Las Vegas (-42%), Boise (-36%), Stockton (-25%), Bridgeport (-24%), San Jose (-19%), Chicago (-18%), Raleigh (-17%), and Phoenix (-15%).57 of the Top 100 saw active inventory rise YoY in January 2024.

This is an interesting thing to understand as so many people are working hybrid or remotely now for regular W2 jobs.Evan -The distinction between "business" and personal use, especially in the context of home office deductions, can be complex and is subject to tax regulations.

Thank you for this advice the distinction of polished vs stained and your comparison of cost and longevity relative to tile! 

That is what I did 3 years ago and now my meetup is the largest in worcester MA.4.

Zillow has it by area code, case Schiller only has the largest 20 or so cities so you might have to use comps for the Midwest markets. 

But I definitely think you're right in that there is not a clear distinction in terminology between private lenders, who are using their own, or a small pool of associates', money (often self-directed retirement funds) and institutional lenders.

It's the 3rd largest MSA in the country with over 100+ submarkets. 77 of the submarkets are in Chicago proper while there are many submarkets outside of Chicago (The suburbs).