But even the rents on the market may be overpriced (more likely) and a few places underpriced.I would say about 2/3 of my rentals I end up dropping the price by 5% to 10% depending on activity, interest, traffic in seeing the homes.  

High unemployment due to no more coal jobs and jobs affected by coal jobs.Also new freeway within the last 3-4 years took all traffic off of US 78 West.Good luck.

This property is in a high traffic and desirable suburb area.

Ultimately want to be involved in commercial real estate, development, and multi family properties.Investment Scenario:Purchased commercial land in 2008, 6.5 acres,18,000 daily traffic, zoned retail/officePurchase Price - $575,000  30 yr @ 7% $325,000 mortgage balanceRefinanced 2012  25 yr  @ 6% $190,000 mortgage balancePhase 1 and final site plan approved for 30,000 sqft office/retail completedActively listed for sale for $599,000 since 2013This was my first development project partnered with planned end user.

The Dallas groups are really nice, but when you are driving there it takes forever to get through the traffic.

Good traffic, but no offers can only mean one thing.  

I've had a couple ideas but thought I should cast my net into deeper waters (bigger pockets fish analogy...nbd.)What would you do with a lot that has frontage to a medium/high traffic road and no improvements other than the fence on 2 sides?!

I have a nice chunk of money for marketing to get started with that I have been saving while working during my year off from college.MY MARKETING PLANSFor marketing to motivated sellers:-Putting up 100 Bandit Signs/per week on Sundays in different high traffic areas-Yellow letters + List source for Direct mailing leads (Absentee Owners, Vacant Houses, Tired Landlords)-Court House once a week for Probate Estate lists + Handwritten Letters to make it more personal (They obviously just lost someone, don't want to make it seem sleazy)-Craigslist Ads + Squeeze Page (I'm doing internet marketing right now also, people who would put the time in to go to my website and fill out their details are MOTIVATED.

A lot of high traffic commercial spaces use vinyl plank, that should tell you something.

I keep the carpet on the second level floors and higher to keep the foot traffic noise lower for the residents below.