I am new to investing, but I am not new to the construction side of the industry.  

I am new to investing, but I am not new to the construction side of the industry.  

In some states constructive notice, essentially posting in a newspaper with adequate circulation, is sufficient for junior liens.  

The price was at one time $65k and reduce to $54k and now its at $38k my offer. i jump in and made an offer on this property which is a pre-construction home meaning about 60-65 percent completed.

The ARV will be the value of the new home...and you'll probably want to compare against other similar new construction, not renovated homes, to get the most accurate resale value.If you'll be subdividing, you can look at the project in various ways, but the easiest is to probably just count the ARV as the combined ARV of both houses, and then the expenses would be the combined expenses of both houses -- including the tear-down of one house and the cost of the sub-dividing.If this is a local project and you want some specific advice, don't hesitate to reach out to me...I know Howard County pretty well and have built new construction here...

A golf course is being constructed a quarter mile away. 

Thankfully he is in the construction industry and has business experience so that should help.

Areas north of here (Jacksonville) tend to have lower REO prices, but the inventory is higher and the market it completely saturated w/ new construction subdivisions.

Back to your original post, I think mid-priced SFR new construction is what's next in Atlanta.

The way these look-they will not work for a park but, would be great for someone that might be able to use them for migrant housing, hunting camp or for a temporary work/construction office.