Once you build this small tract record I feel it should be much easier to attract private investors you don't personally know. 

Raw land 'could be potentially good', also, if in an area that is growing fast, has easy access to the interstate- to buy and hold and sell to farmers maybe (maybe at first, while the area is 'growing up around it) or eventually to builders- but you'd have a lot of due diligence to do before buying, then you have to determine the highest and best use for the property in the end- before buying, paying for and performing perc tests every 12 feet or so, determining if the area can be serviced by city water and sewer or if the tracts would have to have well and septic permits pulled for each lot, etc.- you may lose some acreage if you find unsuitable soil or creeks or wetlands, so land can be a risky investment.

The builders charge a lot more for these semi-custom or tract homes.

It basically fast tracts the eviction process for tenants involved in criminal activity.

There's a huge difference in overall quality and long-term viability between a cheap, tract-built 3-bedroom from 1960 and a custom-built, brick-veneer 3-bedroom of the same age.

That's too small a tract for hunting, and it's not on a lake or river for fishing.

Mold exposure generally doesn't kill, but will make people sick...In 2004 the Institute of Medicine (IOM) found there was sufficient evidence to link indoor exposure to mold with upper respiratory tract symptoms, cough, and wheeze in otherwise healthy people; with asthma symptoms in people with asthma; and with hypersensitivity pneumonitis in individuals susceptible to that immune-mediated conditionLead exposure generally doesn't kill either, it just causes brain damage and other fun things to happen...The signs and symptoms of lead poisoning in children may include: Developmental delayLearning difficultiesIrritabilityLoss of appetiteWeight lossSluggishness and fatigueAbdominal painVomitingConstipationHearing lossBabies who are exposed to lead before birth may experience: Learning difficultiesSlowed growthAlthough children are primarily at risk, lead poisoning is also dangerous for adults.

Easy commercials from residential, IMO would be small apts, a tract of duplexes in a development or similar complexes.

Qualified use refers to real estate held for investment.Now here's the exception - if part of that farmland is the tract of land you live on then you actually own two properties. 

Does he expect that it will be worth more as 2 tracts, since you could build another house on the empty lot?