Quote from @Andy Chen: Hi all, I’d like your advice on how to structure a potential deal.A friend of mine owns a property outright that still has plenty of space for additional development.

The development, financing, zoning, permitting, land side is a whole other beast. 

Run your numbers, see the potential, and take advantage of this thriving, affordable market.Exploring Investment Potential at 5000 Florence Ave, Philadelphia PA 19143IntroductionLocated in the vibrant West Philadelphia neighborhood, 5000 Florence Ave presents a compelling opportunity for real estate investors and developers.

The development is over 50 units all being sold to investors as rentals.

I have 6 single and MF properties with a 7th under contract and have made some tax and business development missteps that they are helping us to manage, plus advising in setting up our entities and accounting based on a deep fact-finding inquiry on their part.    

Hey team,I am genuinely curious if this property is a homerun opportunity to develop as an STR in the highly regulated but unincorporated area of Mount Pleasant.

Also, its very interesting that its a partnership between a Houston Developer and the State of Texas.

You can still find properties in the $120–180K range that hit the 1% rule and cash flow right away, and the appreciation has been strong because of all the development.

Landlord friendly state with a ton of tech development and growing appreciation.

NIMBY, not in my back yard, has been an obstacle for development.