Neighborhoods around new sports stadiums, city parks, and "town center" type developments become desirable very quickly.

A statement that you are making an election under section 451(d) of the Internal Revenue Code and Regulations section 1.451-6.

The correct answer is: you can take any property "subject to" all liens and encumbrances, and those can be liens of any kind (tax, IRS, mechanics, municipal, mortgage, state revenue dept, etc).

During development our contractor put a lot of dirt to level the lot.

I started off buying rentals, and then moved to other strategies like land development, spec building, note buying, wholesaling and rehabbing.I currenlty do rehab flips which is the large majority of my income.

I mostly purchase REO properties to flip, and a large majority of them come from contacts I have developed so I get them before the competition knows about them, that is my game.

I get that for rent I was more speaking to projecting revenues and expenses without any current tenants.

Once you reach a certain point, you realize you can't do everything yourself so bring on a team or develop a system to put things on autopilot for you.

These are rather extremes.Eventually blocks like these will be torn down by the City's decree so that a private developer can build something of value.

Not sure it would be a popular enough topic, but construction/development would interest me.Or maybe, single family vs multifamily, commercial.