John,Something else to definitely keep in mind is that the numbers I provided are taking in to account the % of SALES not listings.  

There are great deals all over the US.. just depends on where you want to be and what your risk tolerances are... the house hack 4 plex for the under 30 crowd on the west coast in my mind is a total no BRAINER .... 

At this point though if you have a specific project in mind I would be glad to have a chat and can review your project zoning requirements, design process, construction cost,  rental rates, etc.. just ping me.You can check out one of our current ADU projects at  http://root-ad.com/portfolio_item/3105-w-25th/  My brother at FreemanConstructionLtd.com is also the area's leading installer for https://www.studio-shed.com/ which is different but is a similar prefab backyard office solution. 

@Brandon Turner, @Joshua Dorkin, @Mindy JensenHi @Ramon Moreno.

The situation is as follows:- I owned and lived in this home for 25+ years- 7 years ago we moved to Idaho for work reasons, and rented out the property- We plan to come back in a few years (4 max)- I recently learned that I could subdivide this property and build 2 new homes (and have been working on that; it is now approved and soon to be subdivided)- I have an offer on the property that is high enough for me to consider selling instead of developing myself- Since I can sell the property before subdividing, there is an opportunity to keep my low tax basis via Prop 60/90 (I'm 55)- Since we are not coming back for a couple of years, I also want to take advantage of the 1031 exchange rule, and purchase a replacement home with the proceeds, then rent until we returnWith the above in mind, is there any way to keep my low property tax basis, not using the home currently as my primary residence?

I have been doing a lot of research over the last year and I am ready to buy something I just need to find the right property.I am interested in making some connections on here and meeting others with the same goals in mind! I

I've *visited* some older homes - a couple from around 1900 - but I didn't own them or live in them.The first thing that comes to mind is structural problems, like with the foundation or basic framing.  147 years is a long time for frost, water, wood rot, termites, etc to do their thing. 

@Mindy Jensen thank you for the advice and info, I totally want to own in my city, I'm currently in Alexandria VA right now, I come home as much as possible.

Originally posted by @Mindy Jensen:I, too went with a low-cost brokerage firm.

Thank you Mindy I will look into that forumEsteban