Probably not.

However, while anyone who purchased in 2022 should expect a loss, that doesn't mean everyone is going to/ able to  accept one until the house has sat on the market for a while - probably different at your price point - ie more expendable $; able to absorb a loss.

The proceeds from the sale will probably go toward rehabbing Lot 2 and sell it for more.

probably going to be cash. 

So probably, but I do not want anyone to think it was not a lot of work.  

Despite higher interest rate environment, there's reasonable probability inflation will still continue - thus increase hard asset valuation.

You are probably better off doing liability insurance on it.  

If you go to the property appraiser's website, you can probably  look at the year over year change in the taxable value of the property.  

on David Greene's new podcast he's pivoted hard away from this so that's probably a better starting point now.

Dave Ramsey probably wouldn’t approve, but it’s how I was able to scale up to 29 buy n hold SFR.