Michael Quarles, I'm surprised you're not all over this....LOLMichael has a good thread going My Sales Diary I think, you might read that.I never used direct mail, too bust even from the beginning as I beleive in identifying a property or properties and follow up, wlking and talking was the most productive thing for me, being known in the area.

Do any of the properties have a view.Example with the houses someone could demo the house and rebuild to take advantage of the view.The 5 unit maybe it could be scraped and a higher density could be built on the land (more stories or spread out more).Mike you need a broker with a land development and income background to help you figure out the highest and best use for holding the current property,changing the current property,or selling the current property.

In addition, how would you get access to the development?

Hi Michael,In "real life" (opposed to my secret investor identity) I am a web developer and run Ally Web Solutions, LLC, on a daily basis.

There are very serious repercussions down the road if you knew about this, and a tenant develops problems - LLCs will not help shield you.

That would be $60,000.So in all, the development costs would be around $175,000, all of which would probably have to be cash or privately funded.Also, you have the cost of the land.

I think in terms of identifying potential markets to hold rentals, an intersection of purchase price far below construction cost, a high non-owner occupancy rate, and stabilization in unemployment would be very interesting.

I am looking for a few critiques.I developed the website on my own, my background is in IT so I have some experience, however I don't consider myself creative or artistic.

The subdivision is a newer development w/ new houses still being built for $300K, give or take $10-20K for size/features.I would imagine the neighbors who live on this cul-de-sac would like to see this house fixed up; the neighbors in the development would want this house repaired for property value/affect on sales.Who would I talk to about this house?

The app they developed is pure genius, different, and, IMHO shows the kind of thinking that got them where they are and proves again that out of the box thinking is possible, even in real estate.http://www.inman.com/news/2012/03/9/sawbuck-app-serves-real-estate-data-snapshots