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When buying speculative things for (possible) profit/resale you absolutely have to look at whether or not you can sell it for a profit in the future. A 32 sq ft house shouldn't have much resale value, very limited market.
Guy down the street bought a $300,000 500 sqft shack across from the river and is remodeling it into a Mc mansion while living in it. Might help that he's an architect and has friends in all the trades. I figure he will make a bit of profit.
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casual notes from the underground:There are some "experts" out there that in reality don't have a clue as to what they are doing.
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