Look at the neighborhood trends, amenities, and future development plans.

@Chris Heinmiller you can export a list of recent (i.e. 18 months) land trades from Redfin, but you do have to separate the apples from the orange and the bananas, but in an area that is somewhat homogenous, you'll usually be able to see a trend, i.e. you might have two low ones at 20-30k per lot, and one or two high ones at 175k-200k/lot, but then you'll see six or seven trades in the 55-65k range, and then you've figured it out. 

Here's why:Detroit, MI housing marketIn April 2024, the median listing home price in Detroit, MI was $89.9K, trending up 13.8% year-over-year.

Denver has been a very solid market over the last 10 years and looks to continue the trend as migratory patterns continue to head that direction. 

That seems really pricey, is that what it takes to get a nice stainless steel fridge now a days?

Additionally, we are open to exploring opportunities in other areas as well.We are particularly interested in:- Learning how to analyze these properties for cash flow potential- Understanding the local market dynamics and trends- Networking with experienced investors who can offer advice and mentorshipWe believe that with the right guidance and connections, we can make informed decisions that will set us on the path to financial independence.

Understand the local market conditions, including property values, rental demand, economic trends, and neighborhood dynamics.

I've noticed a trend: the OG's that went through the GFC 2008-2010 meltdown are fine with a low return on equity and cash on cash return, avoiding mortgages and paying with cash, while the Young Bucks are all about maximizing leverage, $0 down strategies, creative financing, "infinite returns", growing the portfolio to the moon as quickly as possible and measuring it by number of doors as the primary metric instead of equity/ actual wealth. 

Quote from @Larry Wallace:True story, I had a tenant in a duplex discharge his pistol last year and put a hole in the new steel entry door.

Appreciation is never a guarantee so you follow migration and development trends to hedge your bets.