One is in the 2000 block of NW 6TH Terrace and the other is in the 700 block of NE 12TH St.My question is, should I build a house on one or both of them and then either sell them or rent them?

To answer question #1: https://www.biggerpockets.com/forums/521-events-and-happeningsHere's a Couple More Networking Opportunities this week: MONDAY, AUGUST 22 12:00PM PASSIVE CASHFLOW W/REAL ESTATE FOR THE WORKING PROFESSIONALRun by our friend @Lane Kawakwoa6:00PMREAL ESTATE WHOLESALE / FLIP / SELF-DIRECTED IRA WORKSHOPSSouth King Wholesalers / Rehabbers WorkshopTatiana/Dima's HouseRun by our friends @Tatiana @Dima and @Ryland TanaguchiTUESDAY, AUGUST 23 6:00PM SNOCO REAL ESTATE INVESTORSNetworking & DiscussionMountlake Terrace LibraryA Smaller group up in Mountlake Terrace7:00PM REAL ESTATE ENTREPRENEURS NETWORKReal Estate Investing PresentationTacomaI have not been to thisWEDNESDAY, AUGUST 246:00PMREAL ESTATE WHOLESALE / FLIP / SELF-DIRECTED IRA WORKSHOPSSelf-Directed IRA and Wealth Preservation Through Notes27 Investors going4 friends6:00PM REAL ESTATE ASSOCIATION OF PUGET SOUND (REAPS) A REIABellingham Meals N DealsQuality Inn Grand Suites2 Real Estate Investors goingTHURSDAY, AUGUST 256:00PMTHE BELLEVUE & SEATTLE FLIP & SIP NETWORKING GROUPREAPS Main MeetingBellevue Red Lion Hotel4 Real Estate Investors, Flippers goingAnother REAPS Meetup I have not attended this goup.6:30PMOLYMPIA REI GROUPREI NetworkingDirty Dave's PizzaA Great Place to meet South - End Friends7:00PMREAL ESTATE ASSOCIATION OF PUGET SOUND (REAPS) A REIAREAPS Main Monthly MeetingBellevue Red Lion Hotel3 Real Estate Investors goingREAPS has it's place in your networking and Association Memberships but the Main Meeting is an attempt to Pitch you on the Guru of the Month.FRIDAY, AUGUST 2612:00PMPASSIVE CASHFLOW W/REAL ESTATE FOR THE WORKING PROFESSIONALWalk the talk while 'Walking at Heritage Park'Marina Park PavillionAnother Dog Walk with @Lane KawakoaSATURDAY, AUGUST 278:00AMSFBAYSUMMIT.COM REAL ESTATE NETWORKING SUMMIT 8/27 & 8/28/16Huge Real Estate Networking Summit!

Places like Tobin Hill, Beacon Hill, Woodlawn Terrace, Alta Vista, Lavaca and similar Neighborhoods are extremely BEAUTIFUL and provide the convenience of a short drive to Downtown.

If you're referring to the duplex with the creek in the backyard and sits on the floodplain terrace your dealing with flood insurance.  

In the Years 1997 to 2001, I worked as a Software Developer for around $100k, peaking around $200k per year with Bonus.The stock market crashed in 2001, so bonuses was cut and I was making on average around $140k or so.By 2004, I quit my job.During that time, my Partners and I bought 3 Brooklyn, NY Investments:1) 1997 - $340k 2 Family in Ditmas Park worth $1.7 Million today2) 1999 - $140k 2 Family in Windsor Terrace now worth $1 Million conservatively today3) 2004 - $890k 3 Family in Clinton Hill now worth $2.8 Million todayNote that today's values included going through the Great Recession of 2007/8.We also bought more Investments and currently own 7 Investments and another in Contract.Funny thing is now I'm going back to software development and started researching the jobs I can possible get.

I have some clients who flip who have been looking at Lake View Terrace and other parts of north San Fernando Valley. 

Tell me more about the original property.I actually have a client looking in College Terrace

If all totally goes to hell: we have a house, candles, wood stove, wood, food, and well for water.Others may not be able to put that all together, but they can buy some extra canned goods or pasta or cereal or rice, etc..I also have some concerns that food prices will go sky high.

I bought raw land (abandoned rice fields) and planted 50,000 tissue culture seedlings and hired a field manager. 

Learn what is important in your market (for example, rice cookers are essential in Hawaii) and what is not important (fancy Espresso machine - not so much).