Hi Zafer,The best bet to know what the property tax is on vacant or improved land is to look at the local county's assessor's website.

However, @Bruce Lynn provided a great reminder to remember all of the expenses that could be included in your cost basis; again, a CPA advising you specifically would be the the best bet.

Also the outside will need the shrubs to bet cut, a good power washing, etc.  

Much safer bet would be to buy an existing home with a view in a nice neighborhood.

If you just think of assigning a contract and make most money off it you you will end up with bad deals, the ones that everyone frowns upon , with unjustified ARVs, high rehab costs, in cold markets that are too risky or a losing bet for a buyer.

Your best bet is an agent who also invests.

Unless it has something to do with ad views I don’t see how it would hurt to have two separate forums, i bet it would help increase activity.

@Brian BurkeI bet none of the investors asked the question of “what does the capital stack look like on this deal”Probably was variable rate debt as well…

I don't think it's a great strategy if you are just getting started.If you have the financial stability and experience to take on negative cash flow betting on the high appreciation then I think there isn't a problem with this strategy at all. 

As far as choosing a neighborhood - your best bet is to find a good investor-friendly realtor who can help you.