If your margins are tight and your market changes or if your development is too unique for you neighborhood that there are no comparables, you could stand to get into trouble.Goo luck.

I've even seen a few houses in my neighborhood that are up for sale, but my thoughts always went to what could and how could I do something about these?

I own several buildings in a 25yr old neighborhood of 4-plexes.

I have looked at the neighborhood, walked it several times and collected what data I can about the property and its neighbors.

Get a map of your target area and start driving for dollars: a)Note the types of neighborhoods you're in (rental areas, mostly home owners, "bad" or "good" or up and coming neighborhood, what's nearby?)

I used to call Seattle home...what neighborhood is your contract in?

I got a lead on an abandoned property in a high end Philadelphia neighborhood.

But the comps for rent in the same neighborhood are $1800-$1895/mo with only days on the market.

With the potential to subdivide the lot and build a second house, there is a lot of value in this deal.I would like to assign my contract to a more experienced developer so if you do rehabs in this neighborhood, please contact me so we can schedule a viewing.Thank you,Ray571-277-7296

Hopefully I can create a successful business while making a difference in my local neighborhoods at the same time!