Even if you can't put the deal together due to lack of financing, having these people see you have a good eye and can bring them good properties to market will get your foot in the door way faster than just calling and asking for them to bring you in or for agents to bring you houses.

A 3-bedroom, 1.5 bathroom 1,054 square foot townhouse condo came on the market recently and it needs quite a bit of rehab. 

Im sure at those prices they were contracting themselves, but was curious if it would be able to have a home built with mid quality for 90-100 Per foot inclusive of everything besides the lot.John, I will definitely keep it in mind and may very well PM you once I am in the process of looking for builders.

That being expensive urban/central city SF at $1200 a foot and up, and ground zero Silicon Valley that is very dependent on lot size, zoning, schools, zip code, etc.  

They are an outlier who will probably shoot themselves in the foot one day.

Replacement Cost (RC) - if location is insured to at least $65/square foot.

Your town is not that big, so I'd suggest getting off on the right foot so to speak and not sell to the D types.

When we go back and do the rest, the cost per sq foot will come down as a living/dining room and two bedroom will not be that expensive.We are completing a deep retrofit of a student house this summer - the current project phase includes re-wiring of the entire house, new HVAC system, and turning an unfinished basement into 2-bdrms, common rm, bathroom, and laundry area {included in this is levelling the existing slab, moving a wall on the main floor, removing a chimney, new egress windows and window wells, and installing a new staircase}.

Built in 1950, the 1,830 square-foot house has four bedrooms, one and a half bathrooms, a recently-updated kitchen, a garage and an unfinished basement.

When you feel more comfortable ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~check into Marty Boardman (Arizona investor ) flipping bookcheck into Biggerpockets flipping book with J ScottThese things alone will provide you with a solid footing into real estate investingBonus suggestion : your local library is your real estate best friend