Buy vacant lot next door to single family?

[Sam Bromano]

I’m looking at a single family home purchase for the purpose of renting it out long term. The owners owns the adjacent lot and I could get a decent deal on it as a bundle.

What are people's thoughts on this scenario? I want to BRRRR mostly so I don't see how this lot will provide any cashflow or any value besides selling it one day or building on it. Can you borrow against land? How are they appraised?