Interest expense before you even sell a lotDevelopment costs roads, sewer, water, electric, landscaping, signage,  engineering costs, etcZoning and approval process take a while.

See https://www.corelogic.com/intelligence/homeowner-equity-insights/.It is just an algorithmic estimate. 

Back in 2014 I was burned out at my engineering job and wanted a change.

I'd rather lock in profits at 18-25% ROI in 4-5 weeks than take something more complex that requires permitting or engineering approval that may lengthen the project to 8-12 weeks for a higher return.

If it were me, I'd get a really good understanding of what the true cost and time involved with making those basement repairs, an if its me I'm getting the drawings for the repairs from a structure engineer with the stamp on them and that is going in the building file for sale and appraisal later.  

Separately, I also scheduled a structural inspection from a company (Crosstown Engineering) to get another perspective about the current foundation status. 

It’s our job to “engineer out” as many of those challenges as possible to be sure that we’re one of those buyers standing when it’s time to roll out.What kind of challenges?

If you are still interested in how I went about the research and where I am at in terms of becoming a real estate investor, please read on.First of all, for those who don’t know who I am, I would like to give you my current situation regarding the real estate investing journey.Current situationI am currently working as a full-time engineer, and in fact, I am typing this in a hotel room before attending a shock and vibration test for one of the suppliers in Long Island, NY (sorry this is not relevant information for real estate).

That’s from the algorithm prioritizing brand new listings.

No idea on Zillow algorithm's?