But there is a sizeable equity in the deal - $40K profit.

, do not forget you will be prolonging the sale for the 2-3 months it takes to build it and you will have mortgage payments and taxes to figure in holding costs for those months, which take away from that profit. best to get all your numbers and find out if the expenses are worth the return.

The other investor is looking to make the co-op a multi family and that is looking to be more profitable to do.  

If the majority  interest holder is WVU, I may be able to help with contacts.

Hi,I am researching this business niche also, very interesting discussion...I see co-working is new business model so never went through recession cycle, not sure how it will go in next recession...I can see downtown in major metro doing excellent right now, not sure about small metro and suburb area.How about Regus model (Office space renting only)?

Were you selling at a loss, profit, break even?

My goals are to buy properties in Maryland so that I can 1. buy hold and rent the properties and 2. rehab the properties and sell them for a profit; not necessarily in that order.

Now you will have to talk to a tax professional and a lawyer about how this truly benefits you but it was explained to me as a major benefit.  

The majority of the homes I wanted to see with this agent were well below my approved amount but i wasn't big on them.

Got a HELOC dropped a manufactured home on some land sold for 50,000 profit net and doing it again.