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yeah i've recently learned a lot of speculators are back in the market. they're just buying whatever devvy site they can and holding with their existing equity. $15-$20k on holdings versus possible $100-$150k of upside....

Hi messmorph. Belu hit it on the head insofar as what you missed - however, i think your costs are HIGH. i reckon you could do a basic 3x2 DG for about $160k TURN KEY + $15-17k in sites for a survey strata situation - obviously that's a the lower figure for a sandy site in the metro area...