Every issue you run into can be solved by utilizing this site.

The major misunderstanding and likely the key driving the utility of these instruments is notion of ease of eviction.  

My commitment to client success and tenacious approach produces amazing results.

Sit down with them awhile and do some detective work, too, like actually call insurers, trash and utilities, mortgage brokers, tax authority, etc...Your calculations will only be as good as the raw numbers (and I find sellers may give rosy estimations sometimes, rounding income up and expenses down)...

I've taken some courses in analyzing investment properties, produced APOD's, noticed the drawbacks in how the typical Cap Rate is calculated, and dug deeper to find four-square and the mortgage constant. 

Lots in streeted/ utility areas are only worth 5-7K$, huge supply.

.- it's always good to see another Hoosier utilizing this great site!

Right now I'm just looking To flip the land.The property is 14,000 sq/ft with sewer & utilities at the street surrounded by very similar lots & houses in the neighborhood.

In this particular case it was due to a fire and not a foreclosure but this home was producing income up until last year. 

I never noticed fire hydrants until I worked with public utilities, now I spot them everywhere and can rattle off the brand and (approximate) age without much difficulty.