The site is not just one locale (eg SoCal) but domestic continental USA, Territories and now  sprinklings of Europe too.It's hard to make a "one size fits all" response with so many jurisdictions in play.

Flip As-Is - Probably worth $140K - Estimated 40K ProfitReHab leaving same size - $20K rehab, sell for $180K. - Estimated 60K ProfitSmall addition of say 2 beds + bath (800 Sqft) - Costs undetermined - ARV Mid 200'sObviously each step requires a bit more work, but the profit also increases as well.

I can't opine on TOPA (started reading up on it when we were sizing a deal for a client in DC, but that was one deal I didn't mind losing) but as it relates to the Section 8 tenant, there seems to be a little confusion, although it might just be syntax...

First is that both the 'soft' costs of sales and the 'hard' construction costs are broken out by % so they are easily compared to houses of different sizes and price ranges.

This is not a one size fits all solution.

Here is the problem, just as there is no cookie cutter one size fits all way to buy a property.  

I think they're being re-routred through some Nigerian account so PLEASE send in those lottery tickets NOW.

If you can split the land into 6 parcels of roughly the same size (About 50-60 Acres) Find comps for those parcels...

Hood as win-win based on its size, but may revert back to the original plan of getting into a college area between semesters (Rice or A&M).Thanks Bryan!

Size matters as well.