I don't have any direct experience yet with developing, but I've done a little research.I'd suggest that for a project of this size you would want to start with a feasibility study.

I do a credit/criminal/eviction check and would probably waive the credit portion if they provided their credit reports and they were current- within 60 days seems reasonable like Brie said.Kelly

The size isn't too big either.

Appliances- $2kGranite counters- $2k-$2500Upstairs carpet- $1kLaundry flooring- $250Kitcdhn flooring- $500Window- $200Yard work- $200-300These prices include installation and are only a rough guess as I don't know your size of your areas and all that.

You have to compare size, condition, specific neighborhood and street, to get an idea if it's a good deal. 

Size, type (sfr, condo,) price, possible rent amount, condition, etc.

What if Getting together in an effort to secure a larger portion of the market share.

This then brings into focus that you may only own a portion of the asset, rather than the whole thing - meaning people will question the full extent of the payout they may be entitled to.Looking at it from the front-end, anonymity doesn't always seem that useful.

In senior communities many purchasers will want the homes to be in move-in ready shape, as opposed to handyman specials.With all of this said if the homes are good sizes (ideally 14 feet wide and good sized bedrooms) and do not need more than a few thousand dollars in work, then they may be good opportunities to purchase and resell.

Tend to be very intensive properties, have crappy financing, and the sellers books are generally not good at that deal size.