We bought this lot for less than $7,000.

We are going to use the B.R.R.R.R. Strategy which is to Buy, Rehab, Rent, Refinance, and Repeat.

Over the next 4 months, we are going to develop a 2400 sq ft duplex at about $100 per sq ft. with a target sales prices of $120 per sq ft.

That's $40,000 in equity in 4 months plus ongoing cashflow from rents forever.