Price pressure eventually spreads to the cheaper neighborhood, and the price gap closes to 0%-20%.I've seen this general scenario play out many times over the last 30 years in Denver.Once you own several homes in the cheap neighborhood, you can even try to help "tip" the neighborhood toward gentrification by improving or redeveloping your properties.New light rail lines tend to help a neighborhood's values.

Most HOA will work with you, and like to see improvements being made on properties.

Are you talking about buying an improved lot and building on it, or a parcel of land that would need to be split and improved?

This is a great improvement.

Next year I will have a new question when it comes to improvements.

My experience with mixed use props in CA is that they are about the hardest to finance of all improved property so the owner's exit plan ought to take this into consideration; so should a buyer.

You should probably only have the building insured for $130K - $150K to include your improvements.

Part of our ongoing plan to simplify and improve BiggerPockets includes putting together a top-notch team of moderators to help manage BP Nation . . . the awesome community we've built here.I'm excited to announce the first of our new batch of moderators, Jon Klaus!

As the economy improves and lending requirements relax a little, these renters are going to want to buy.4.

In practice it doesn't work.