They are private high net worth people who don't advertise their services.

I estimate those repair costs will be about $15k (material and labor).

After all the permitting, materials, labor, and associated cost are payed the total cost was $290k.In this case would the market value be determined only by demand for that area?

Start smaller, do one and get the process down, see how long permitting takes, what costs are, find subs, materials suppliers, etc.

You need to ask for that product specifically they don't advertise it because it's not a profit center for them,  it helps them conform to requirements in the Community Reinvestment Act. https://www.usbank.com/corpora...

That said, long-term rents remain solid across the state due to restrictive rural/agricultural zoning, a substantial lack of new housing supply, and the added cost of transporting building materials 2,500 miles from the mainland.Only other thing I will say is that if your plan is to do long-term rentals, expect a lot of tenant churn.

Before the internet, Martindale was THE PLACE to advertise.

I recommend cleaning it up well and having professional pictures taken for advertising, schedule showings on the same day or weekend in time slots, advertise through all means you can think of: Zillow, apartments.com, trulia, cozy etc.

I made an offer on what was advertised as a legal 4 flat.

They sent some welcome materials including some preferred and paid business listings.