The city is trying to revitalize the place and remove the motels- it will probably take multiple years.

It's in a city (outside the USA in Mexico) that has seen major growth the last 3-5 years and has great prospects to continue growing thanks to nearshoring and high cost of living across the border in the USA.I spoke to an architect and it looks like a 4-unit building can be built on there.

I am in Texas, and the property is out of the state (Oregon) if it matters.Thanks! 

The newer more renovated houses will continue to rise but I feel at some point mine will appear as an old dated house that somebody looks at and will want as a cheaper place to fix up and renovate.Other than this, I don't really enjoy the out-of-state investor aspect of relying on a property manager when this was always a hands on investment for me until I moved away.

Most of my customers in CA tend to buy their primary in Cali but build their investment portfolio outside the state.

The city of Saint Louis has a landlord reasources page here with a lot of info.

I'm looking into investing out of state since my island home is so expensive.  

I’m a Florida realtor who has great relationships, with dozens of builders and developers all over the state.

investor friendly realtor. only work with license & bond contractors, since you’ll be out of state. whoever you get to be ur eyes on any project, make sure you trust them. definitely use that lot for more $$$ either build another rental or let the contractor rent it till you have a SOLID plan. double check laws & zoning! 

I am thinking of posting theproperty for sale on the MLS as a “Developer special” to see whatthe response is.Specifically, it’sa backyard infill project in San Diego Mid-City.