The property is in shaded area so it is really not super hot inside.

Appreciation and Growth: Sacramento has seen around an estimated 256% growth in terms of median household value, with large developments planned and in progress in suburbs such as Roseville, Elk Grove, and Folsom.My team and I at Hardin Realty & Property Management specialize in helping investors in the greater Sacramento area.

Put hot embers in trash can.  

Can you imagine how that conversation went in their household?

If so that can work in very specific red hot markets.. however experience has dictated to me over the decades that land can take a long time to sell .. many times has to be sold on contract to move it.. or if its cash you have to have the lowest price parcel of any similar ones on the market to move it timely for cash..

With a household count of 250,000 to 300,000 in Memphis, that represents only 0.05% of the overall market (and maybe half of that when looking at single-family detached).To your other point, starting off with a 25% equity position is a decent position to be in with any market downturn. 

Bloomfield has been hot for years @Jenntyng Chern.

No where for me to put a hot tub.

I scaled up my portfolio from 2 to 6 this year and a little concerned to grow more right now as the housing market is hot right now and I do not want to get into trouble if there is a big correction.

The average household income is $84K.