I am not a wholesaler nor do I invest in your market but If I did I would Look to the segment of the market that has at least some equity and search for distressed situation caused by divorce, death or some other factor that necessitates a sale.

Yes, the rental income factors into the purchase price.

if you think this will cause problems in the future when selling, i would factor that into my purchaes price now.

An interior designer and general contractor will meet us to map out a game plan and verify what we need to purchase the property for to hit our numbers.

You might do a little better or a little worse, depending on a lot of factors.

This has a whole host of advantages and disadvantages, but it keeps the ability to design a custom deal for each project.

I'm not factoring in utilities in these.

This also puts you at risk for utility fluctuations.My experience with roommate situations is they are comparing to rent and don't factor in add ons.

Jonathan look up the taxes and divide by 12 to get monthly tax costs.Look for the HOA docs to see if there is an assessment and how much.Usually if you find a listing on MLS in that subdivision there will be some houses and it will list association dues monthly or yearly.For instance if taxes are 1,000 and HOA 1,500 then you have about 208.33 a month in costs.If you buy for 4,000 and hold for 2 years you have to get at least 9,000 in 2 years time to break even and even more with closing costs etc.That money will be dead not generating a return for you.You also need to know the soil sample and build ability of the lot.This will be a factor from who buys from you if they want to build a house.On the MLS you can see what developed lots are selling for.Is this lot developed and cleared with pipes sticking out of the ground or does it still have all the trees and uncleared and ungraded in it's natural state??

The down side of a double closing, however, is that you are forced to pay your country tax when you sell, so you need to factor that in.