Purchase price: $140,000 Cash invested: $33,000 single family home, got it really cheap because there was a hoarder in it. located in a developement zone one house off the spokane river.

A little background of the situation for context:A partner and I have been brought onto a development project in a massively growing market in Colorado.

I closed on my second rental property 6 months ago, a 4 family in the Boston/Worcester/Lowell area in a C neighborhood. 3 units are doing fine, but the fourth unit (inherited tenant) has gone from bad to worse and has now pretty clearly developed into a drug den and includes needles on the ground and people with ankle bracelets staying there not on the lease.

Also, what do folks think of development in the West Oakland area, specifically near the W. 

Home flippers are seeing the lowest return on investment in nearly a decade — but that still makes for tens of thousands of dollars in returns, according to new data from national property database Attom Data solutions LLC.The gross profit on a typical home flip — the different between the median sale price and the median price paid by the investors — rose to $67,000 in the second quarter of 2021, up 2.4% from the $65,400 in the first quarter of 2021 and up 3.1% over the $65,000 seen in the second quarter of 2020, according to AttomBut that heightened gross profit translated into a 33.5% return on investment compared to the original acquisition price, down from 37.2% in the first quarter of 2021 and down from 40.6% during the second quarter of 2020.That puts it at a level last seen since in first quarter of 2011, when the housing market had yet to fully recover from the slump brought on by the Great Recession.

We were sure we had a buyer without doing any development How did you find this deal and how did you negotiate it?

My experience is as a PM building student housing and ALFs for developers. 

Then, once you find your right partner or partners, start real estate development.

As the folks here know, many U.S. cities have high LTV ratios and we want to be as prepared as possible to seize opportunities that may develop from this tenuous reality as the world gets back in balance. 

You need to develop a Solution packet.