If it's just an "old building" without any architectural significance, history etc then yeah I'm all for replacing it with something more beneficial as long as it's congruent with the character of the surrounding area.

Or an old property was torn down and there was room to surround the new one with a parking lot.

You'll find mentors and partners to work with by networking with people; great places like BP, REIA, and Meetup groups are "watering holes" for REI folks.Seems like the Richmond, and surrounding areas, have many opportunities for Rehab and Hold.

So we're looking at Colorado Springs and surrounding areas first.

Haha So anyway, you and Denise have made me wonder if I can move another home in there--as I said this street has only 3 mobile homes and the surrounding neighborhoods are all app. 10yo or less apartments and stick built homes and town homes!

Theres so much negativity surrounding it, and so few stories of success that I thought I'd ask.

Of course they're disgusted when they remove the blindfolds and see that they're surrounded by (I won't say it;-)

The numbers work the same whether you're building or buying (although I'd pay a premium to build since you're getting new construction which *should* mean less problems for the next ~5 years).There are many articles and discussions throughout the BP website surround purchase prices for rental properties.

I grew up very poor in Holyoke, MA in the flats (very impoverished area) and the surrounding areas.

Minh L. the property is located in Livermore Ca.OK that helps a little Joel Owens thanks for your input. what would you say about over 600 acres surrounding and abandoned Magnesium mine complete with original structures in various stages of dereliction, 17 miles away from town?