The lot has value for someone looking to build their dream home on and live in it forever, someone who isn't looking at it as an investment but rather as a place to live, but it would be hard to pull off as a spec home in my opinion for a number of reasons.New home construction has come back stronger than ever here but mostly within two categories: entry level (300-400k range for the area you're talking about, higher in Denver) and million dollar plus custom builds.

Yes.The low supply in California is partially to blame.

Builders make more money making more upscale homes, so the supply of starters hasn't kept up with the demand. 

Does anyone know of an app that converts MLS listings from a portal (supplied through Real Estate Broker) to an Excel spreadsheet?

It also has Geo thermal heating that supplies radiant heating to all the floors in the home.  

So the supply exceeds a lot the demand for vacational rentals.Thank you for the advice.Hi @Cheryl Vargas i am seriously considering the long term rental.I definitely believe that i bought the property overpriced.

BUT in my experience in Detroit that can be dicey.. unless you have STRONG RECOMMENDATIONS from their past customers that you can trust.I've found my best strategies for rehabs is utilizing a hybrid approach to 'piece-mill' my rehab team.. find a good plumber, electrician, carpenter, handy man etc.If you hit a home run and have a company that's supplied all members awesome!!

The stronger your screening for the people, the more likely they will have good pets.

@Marci Stein- maybe you supply the paint for their labor?

Tampa suffered from a lack of supply, so it created an artificial price increase due to demand.