I looked into development a few years ago and what I wanted to build was 1,500sf ranch homes on small lots with city water to retail at $350,000, because I knew I could sell those like hot cakes in Milwaukee.

I invest in the Milwaukee market and it has been strong for cash flow.

She made a KILLING when she left Chicago and went to Milwaukee.

We typically have drilled wells here in Milwaukee and the correct way to abandon them is to fill the shaft with concrete.You can just swing by townhall and ask for the the requirements and procedures; you dont have to tell them it's for your own house.

Where are you at in PA I just closed on my second multi-family in bucks/montgomery county and had the exact same dilemma.They were paying $800 and I know I could get $1250.

To me it sounds like you are wanting to be ethical while making a buck.

We have a huge inventory of duplexes up here in Milwaukee across all price ranges and we have closed quite a few of them with clients this year, but you'll have to trade AC in the summer for heat in the winter ;-)

It doesnt need a full gut job but does need to be updated in order to get the best bang for my buck.

And then its fixed.I'd recommend having 5k-10k in reserves just for the first few months and your first year to be relatively break-even, if not costing you a few bucks.

Pretty close to asking" does not get you anywhere in Milwaukee for example, we have currently an average list to sale ration of 102%. 65% of all deals close over asking, but there are plenty of ways to get an offer accepted, even if it's not cash and even if it's not the highest.