If you follow Brandon's Ultimate Tenant Screening Guide, you will weed out most of the potential problem tenants before you get to that point.  

It's really hard to get an idea of cost without someone actually going out to bid the job (not knowing the size, location, grading for the lot, whether you need to add curb cuts to enter this new garage from the street or if it's from the alley, routing utilities, etc).  

Other houses of similar size (2500sqft.) are selling into the low $400k's.  

You talk to Person #1 on the phone, pre-screen them on Facebook (haha, yes I do!) 

Every time you have a bad tenant move out, go back to the application and screening decisions and figure out what you could have done to screen them out.  

Always screen thoroughly and use your best judgment.

Once people find out that a unit of this size became available, 4 bed 2 bath NYC under $600,000, people came flocking.

Do you have an area or size of property you are going to target?

They're sent to my email.Virtual Assistant Updates website, does a little bit of calling, and helps out here and there.Realtor has me on zip code searches within my criteria.I use slybroadcast.com to blast voicemails out to prospects.Mail is pretty much completely manual, other than the fact I learned how to use mail merge.Blog posts are outsourced and shared on social media outlets.Bandit signs are manually put outHiring photographer to take pics and vids of properties for saleCreated an Offer calculator for my VA to determine what cash, sub-to, or owner finance offers to make.Analysis calculator is pre-set, and takes 3 minutes to analyze a property.Budget: not counting my chickens before they hatch, but once this current deal goes to closing, I'll have roughly $10K to put towards marketing and automation for the next 6 months.What I'd LIKE to Do...Automatic mail outs from lists I've chosenAnswering service to screen leads (actual humans)..

What are your specific questions about the mineral rights, and what is the size of the lot?