No house is going to be perfect and some things are an easy fix.  

It goes to your preference, of course, but whichever can produce the greatest ROI should be considered.There are many markets in Michigan, for example, where it is cheaper to buy an existing house and fix it up than it is to build new.That may not be the case where you are at or through the construction suppliers and contractors you may have access to.To Your Success!

Question - what is #1 and #2? 

This coming weekend we were thinking of come out and checking the neighborhoods of few zips where there were houses we liked on MLS.

What are the homes worth?

I have found that Redfin actually has pretty good search parameters to where you can look for listings that have been sitting a while that fit your buy box, and you can even do keyword searches for things like "as is", "investor", "seller financing", "guest house", etc. depending on what you are looking for.

Purchase price: $3,000,000 Cash invested: $6,000,000 Sale price: $25,000,000 Ground Up development project due to be completed Q3 2025 What made you interested in investing in this type of deal?

Consult an attorney to review the zoning and see what is possible.

Hi @Gary Mano My husband and I are under contract on a house in Meadowmont in Arnold too.

Quote from @Robert Jones: @Kristi Kandel what market are you in?