@Ned Carey thanks for the response, I've heard timing the market is a fools game, i have a feeling this upcoming situation will be more extreme. however the mindset should be a great deal can be found at any time in any market, the main factor is what kind of deal did one land, yes?

They should be knowledgeable enough to quickly see whether the HVAC has been taken care of regularly, aiding is stable, condition of roof, foundation cracks, etc...If a realtor is not willing to be your proxy in all of the things you would do locally then simply go elsewhere.

It really lays the foundation so I can really scale portfolio.

The road map for real estate investing success can be found at Bigger Pockets!

- Labor, demo, foundation, rough materials etc. 260k- Labor, finished materials 50kLooking at ADU options prefab or stick build, we could add 500 to 700sqft for like 200k to 250k saving at least 70k in investment.

Or the building was not safe and needed some major repairs, such bad foundation , asbestos on the plumbing, or knob and tube wiring?

Also a lot of old homes with bad foundations and bad neighbors.

It sounds like you have a great foundation to start to build your portfolio.

I am currently in no financial position to buy a second property comfortably right now, but I have spent over a month crafting a Business Plan as I lay down the foundation for buying my first investment property. 

I see it as my financial foundation moving forward.In terms of the plan, you're thorough and right-on.