Our convention center downtown is under reconstruction/renovation.

Imagine a surgeon...We have no idea whether this agent does this all the time.Barring any extenuating circumstances that none of us are currently aware of on the agent’s side: at worst - if he had no intention to perform from the beginning - it’s fraud; at best, it’s still a type of theft/embezzlement.

In the event that the duplex got burned down, you will have to reconstruct a new building for industrial use.

This house didn't need major reconstruction, mostly mechanical and cosmetic updates.

University City is a prime area already(every rehabber and landlord have swormed in and bought up most of the deep discounted properties) plus Drexel & Univ of Pa. are currently doing some heavy re-construction right now(new skyscrapers underway), though you may be able to find something at a discount if not turn-key.  

You might encounter that problem in Austin as well, especially given all of the reconstruction efforts that are going to be in progress for sometime in Texas and Florida and Puerto Rico.

Just wondering what what criteria you guys weigh the most when leveraging existing properties in order to buy more, reconstruct/refurbish, and maybe even build new (more units)  --  thanks again for the advice  --

My concerns with the project are - the time to rezone and approve reconstruction- my ignorance in the process to rezone- the structure for the condo management after the sale- I saw, what seemed like, many start and fester or fail in the HR area a few years back so I am very cautious at this point.The numbers and the project look very solid even offering the investors 25% returns if I can finish it out and start selling in 10 months but I am not sure that is possible with the rezoning even though it is reducing the density in the area.Any feedback or insight is welcome,John

You don't pay the rate of a heart surgeon to have your blood pressure taken, even if that doc takes it, his surgery rates are different.

Someone with one newer aged rental, who has a rather high income, such as a surgeon who lives alone comfortably with a lot of disposable income, could possibly carry less than a Mr and Mrs just starting out, with one rental that they bought as a turnkey in a more downtrodden neighborhood in a different state.