We bought a lot in a new subdivision predominantly owned by Bilwood Smith. In less than 2 years from the time he started selling lots, he sold the remaining lots (approximately 50 out of 60) to another builder. The covenants that we had to abide by, i.e., house at least 2000 square feet, designs only with garages not facing the front, over $300,000, gas lanterns, etc. were only in effect for the owners. Bilwood was allowed to completely ignore these covenants and sell the lots for less. We are now surrounded by houses of 1700 square feet, with garages in front and selling in the high 100's and very low 200's! Our investments were ruined before our houses were one year old!!! DO NOT EVER INVEST IN PROPERTIES OWNED BY BILWOOD SMITH OR YOU WILL PROBABLY BE SCREWED TOO!!!!!