I would only do on 1+ acre properties.

You could put it on the market (and you'll know what that second assumption is), and at the same time do whatever you can to get the tenants out (and know what the first assumption is).

While I think neighborhood farming is a good idea, I'd say instead of doing it geographically, think about who is most likely to move in your community. 

I know of at least 3 HOAs in Denton/Collin County who voted to do just that within the last year. 

price point alone is not a great metric to choose by and gets new investors burned all the time.3. read these threads and don't do what those OPs did.https://www.biggerpockets.com/forums/963/topics/1195280-expe...https://www.biggerpockets.com/forums/48/topics/1160450-run-i...https://www.biggerpockets.com/forums/48/topics/1137397-balti...https://www.biggerpockets.com/forums/52/topics/1010977-12-00...not trying to be discouraging, just realistichope this helps

@Jenna Kelley I just commented on another post about this as well, but if you are having foundational issues, do not call a contractor I would highly recommend calling a structural engineer as they are going to tell you exactly what needs to be done.

Thankfully the station I am at isn’t very busy so I have the opportunity to do business while at my fire job and more than likely not get interrupted.

If you know what to do you are able to find good deals in any strategy here in Spain.

Do you also use Redfin/Zillow as a starting point? 

The only thing about it is that the property hasn’t been very well taken care of, so we know there’s a lot of work to do to fix it.