Still developing. 

Not to mention there is others out there with GIANT budgets, massive systems, proprietary software to effect big efficiencies, and they can't operate at that insanely low level, there is a reason for that. 

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. 

Quote from @Allison Park: Software is a common question on BiggerPockets.

Develop a team with essential members, focus on moderate property prices and high demand, and start with cosmetic flips.

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

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. 

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.

Note: Our initial goals are to wholesale to build immediate working capital (targeting $150k) and hold for cash-flow to build 10k/mo FCF (free cash-flow).We have made some cash buyer connections, identified and underwritten potential deals on hundreds of current deals, and developed professional relationships in our target community (cleaning, construction, governmental). 

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