In the lawyer's absence, her team was unable to provide a settlement/closing fee quote or the additional costs after numerous phone calls.

I have found numerous other houses both for sale and recently sold in the town/immediate neighborhood that have basement bathrooms, so I'm not too concerned about being able to adhere to permit codes.

But, in the financial crisis, where white collar workers were getting laid off, or in the pandemic where these same people wanted more space, the urban class A rentals saw hits.  

My first step is definitely to dive into the numerous resources here on BiggerPockets.

I've been implementing the Profit First methodology after it was recommended to me by numerous successful real estate investors and speaking directly with the author, Mike Michalowicz.

Unless you are in the know when it comes to permits and zoning and inspections, urban projects can take on a life of their own and cost you money. 

Whether you see it or not, you're in competition with numerous other units.

@Dave Foster That is such a unique way to distribute the funds from a 1031 and mitigates your risk across numerous market cycles. 

Currently a full time RVer so scoping out numerous desirable locations.

There's just not enough built housing on the ground right now to satisfy the demand that is here and coming," said Dennis Masden, manager of Urban and Long-Range Planning.Read the full article HERE