It isn't a bad way to start though if you can't get a mortgage on a property just yet, if you just want to test it out, or if you can find someone that will rent a property to you way below current rent rates 

Their agent did them a disservice or they all knew what was going to happen (looking for the 1 in a million buyer, not caring about the data or neighborhood to put up that kind of money) just to "test it"So ask yourself this question...are you testing, or are you selling? 

I think the trick it to try it, test it, and if it works, keep doing it.

He/she can look up title details and figure out the current allowed use and what would be required to get the zoning approval you ultimately want. 

Yes you should definitely reach out to some local builders and developers not only can I help you understand the cost to develop the property but they can tell you what the highest and best use of the property would be which will ultimately tell you the value of the property itself and or the lots.

Just finished my online school (Real Estate Express) and I am currently in line to do my final test then to get my licensure exam and license.

And throw the condition of the property in your face the second you ask for rent on time or they may even try to skip a month and test you.. 

Here is the original The Ultimate Guide to Grading Cleveland Neighborhoods.

Which ultimately cost thousands more than just pulling a permit.  

I was hoping to purchase a couple of properties from my parents with the ultimate goal of minimizing tax burden for them.