I'm wondering how you expected to make money out of vacant land (bought with borrowed money), and, what's really stopping you from following through with your "bright idea" - patiently?

Someone from PA will have to chime in, however that is illegal in a lot of locations, so I wouldn't expect it to be part of a closing with a title company or lawyer.

You may find an enterprising one trying to build their business who will work and show on the weekends, but the expectations are not the same as for residential real estate.

What does the BP brain trust think about how this new tax bill in its current or expected form will affect us? 

There was also some broken pipes in the basement. 

Expect nothing and you won't be disappointed.

How much cashflow would you expect to make it worthwhile? 

With values on the rise and interest rates expected to go up it could cost you quite a bit to wait to find a perfect deal. 

Unless you expect steep appreciation negative cash flow in investment properties is cash flow prohibitive.

I expect a price drop by December 2018 to July 2019.When 4 to 10 unit multifamilies become easily available for say 150k or less then maybe we will invest in Kalamazoo again.It is a very decent market when priced right but you have to buy at very low prices to compensate for the low rental rates.