Purchase price: $485,000 Cash invested: $100,000 Originally on the market for $700,000.

I'd also recommend dumping the garages there's almost a total loss on that unless you are putting units above them on a dense infill lot for additional units it's not worth the cost of construction. build cost is pretty high for your market for three story suburban walk ups. we could never build at that price and make any money. suburban sells for 160k a door in our market with land. get on yardi make sure you Arne't going to lose money on it.

Networking, Valuation, and Market TrendsBuilding a robust network is essential for thriving in the competitive land investment market, particularly in high-demand areas like Paradise Valley and Scottsdale.

If you had a bit more capital, say $80,000 - $100,000, you could start doing BRRRR's in markets like Detroit (this is what I do).

Are the numbers for rent for units in comparable condition and with comparable amenities? 

They typically have below market interest rates and can be used for house hacking a 2-4 unit. 

Looking ahead to my next project, do you have any advice or resources for finding off market deals? 

Here in our market we have an average of 30 days from listing to move in.

How ‘hot’ is the market?

It’s highly passive and there not much to do other than network and marketing.