The tenant pools are great, as we are the State capital, we have two MAJOR hospitals, government jobs, large developments happening (out-of-state union workers), MSU, Lansing Community College, and so on. 

I even had a wild hair to make an offer on the marina I was managing at the time.

No way he could have grown his rental business that quick or developed scale, by buying his own properties.  

Its like when my wife says she "gives great men's hair cuts" it's just not true lol @Ian Krysztofiak

You can do a trial and see if bank feeds connect, if it does, I would then recommend using it over QBO.One of my client that just started in development is short on funds so Xero was the only best option and they are using a local bank so we couldn't connect and a lot of manual entries. 

My developer buddy in Denver told me 'Rubin Brown.'

You can connect with the local chamber of commerce and/or planning and development departments to find what is coming to the area that would create some appreciation.

So I think moving the lot lines so the house and 2nd lot can be sold separately or even developed and also doing a moderate level renovation could really increase the value of this property overall. 

If you develop a great relationship with local credit unions, you'll be surprised by what all they're capable of.   

If the number are close[100k or less], do preemptive due diligence [water, sewer, stormwater, planning and zoning] if the property is considered for a new build development situation.