Try looking into cities in with stable economies, strong renter populations, and where housing is below the US median value.

With your construction background, you're already in a strong position to add value to properties through renovations or identifying potential issues.

Would the value of the remodel increase the rents or the selling price that would out weight the cost? 

I know it's a balance of reality, values, and what makes one happy that guide our decisions.

We have an existing mortgage (backed by these 2 lots and 2 others) and given the increase in appraised value there is no need to pay anything back to the lender when selling the lot.

NO Financing How did you add value to the deal?

Hi,We recently (Aug 2024) bought commercial land of around 2 acres. this was part of bigger commercial lot (around 25 acres) which had AG exemption and so the taxes that they paid was around $20 each year. we received a 'AG ROLLBACK' letter from the appraisal district that starting 2025 tax year, we will be taxed at it market value resulting in additional taxes, interest and possible penalities for 3 prior years.

And I wonder if CCR or HOA can restrict these to protect the values of those homes ? 

If you are open to value add strategy, small multis have potential for not only traditional forced appreciation but also the ability to see major rent increases.  

Hard Money How did you add value to the deal?