Originally Posted by Nightshade
Well one thing you could do is do the division of the property with an easement for a driveway then sell the lot off.
Or you could go through with your original plan.
Personally I would do a nice addition to the house, put up a nice fence, hit up the landscaping and bring the poperty value of both your house and your neighbors houses up....equity is teh r0x0r and its a lot cheaper in the end
my only concern is the property value is gonna depreciate w/the crime, drugs.. etc. this is a house i lived in growing up, and we built a chainlink fence after we were robbed.. didnt stop them from jacking my moms car after.. we put up bars on the windows, but still got broken into after. any investment i put into it would be to subdivide, or to do the necessary work to sell it