Unfortunately, if it needs septic and there isn't enough room for a leach field, you won't be able to build a home on it.

With that said, these are excellent products and ones that will be of great benefit in building your real estate portfolio. 

Hey all, I have several off-market deals (various cities) and am looking to build out a larger network of buyers.

Or are you going after 40 unit mom and pop buildings?

My CoC return in STL is 10% now that the buildings have stabilized, it seems like the buildings are appreciating at an acceptable rate, and I have a team that I trust there (realtor, PM, contractor, lender). 

The upside:  There is a lot of money to be made, potentially, and every door you add to your portfolio builds your company's value bigger and bigger (vs. sales, where it's a transaction and then it's over).

I am going to build a house on it with cash and live in it.

Original to the building?

I couldn’t justify spending $50k on a roof of a building that’s only worth $65k.

Learn your market inside and out and build a team of people around you who can help you analyze deals and make moves.