The key here I think wold be to get realistic ARV comps and  to have a rehab contractor get you accurate quotes on the fixing up the place - don't forget that in order to sell quicker - you may want to come in slightly less than the  comps so it is an attractive offer that moves fast - that also gets you a little padding in case some of the expenses are more than anticipated.  

Other than a few very small common areas to manage, I don't anticipate too many extra expenses in addition to the maintenance budget (12%) each month. 

Downtown is growing at a super fast pace in anticipation of the 2026 world cup, but most locals and the less than millionaire status investors are priced out already because our market doubled and tripled before covid, again during covid, and isn't coming back down.  

Even though the house is only about 1,600SF, the demo took longer than anticipated because of the extent of the vandalism.  

I will say because of the anticipated appreciation for later years and also because of future anticipated rental increase that this complex is being built.  

The final outcome is pending, but I'm anticipating having the issue resolved for what will be a very small $ sum in comparison with the very nice yield on the investment.   

Have you done any research into the anticipated long term affects of having a hub there?

Tenant will notify Landlord of any anticipated extended absence from the Property not later than the first day of the extended absence.No retail, commercial or professional use of the Property is allowed unless the Tenant receives prior written consent of the Landlord and such use conforms to applicable zoning laws.

It's not a strategy I have any first hand experience with, but I anticipate having to do a lot of preliminary site work.

Anticipated Rehab $125,000.Here are the specific numbers on this house:Purchase $149,900Estimated Purchase Closing Cost: $6,000Rehab cost: $125,000Selling Closing cost: $6,000Selling Commission (6%) $25,494TOTAL COST $312,394Sell for $424,900 - $312,394 = $112,506 = 36% Estimated length of time to close on sale 8 - 12 months.