If we just round out a percent to be close to those costs, say 10%, then we understand our net recovery from the real property sale event is 90%.

I too have seen many cycles, but never anything like what happened this last go round.

'Round these parts (Atlanta intown neighborhoods), most prospecting builders and construction companies I know of are sitting somewhere in the $90-120sqft price range for new construction in the $200+ retail range.Pretty well across the board, the builders I talk to are seeing 15-25% ROI.

Not wanting to bite off more than we can chew our first go round, we are thinking in the 25k to 35k range for a fixer upper (HUD/ Foreclosure/ etc.) condo/townhouse.

Hoping to get good insight and info from this forum and any networking opportunities would be a bonus!

As a bonus, I'm hoping that being active in improving the neighborhood will allow for some modest appreciation as well.I think, though, you need to know your target audience and give them what they want.

Though I miss it terribly, there's a much better market here, and friends of ours leased it, so that's a bonus.

Getting your license allows you to use your commissions in deals, so that's always a nice bonus.

As long as I use a round about figure.

I'm here to learn and am looking for properties to buy and hold in and around the Austin, Texas (Round Rock, Pflugerville, Hutto) areas.