@Shafi Noss Improving the land would be the simplest since there's already a driveway, electricity, and an old water well that needs to be jetted again.

Like when the client alerts me to a new tax doc right before I was about to click "e-file now", and I can add the info with minimal delay vs waiting for them to put the doc in the mail or drop it off at my office.

But if you really wanted to, you could substantially overfund your collateral in case of a quick drop in price or wait until you're sure we've hit bottom. 

Drop your choice in the comments and share your reasoning!

Quote from @Devin James: Quote from @Scott Mac: Maybe the infrastructure, electrical grid, water sewer, pavement thickness on the roads, cannot handle the extra people in the area.

Is the paint latex, oil or water based?

I'm new to the real estate investment game and I'm a bit nervous about dipping my toes into unknown waters. 

Look for areas with strong demand for affordable housing and check infrastructure availability like water, sewer, and roads.Building relationships with local real estate brokers and connecting with municipal contacts can help uncover off-market deals and streamline your search.

I think that Chat GPT hilariously acknowledges, however, that if this person then goes on to run for governor of Colorado, then, despite their likely lack of time and attention to the money I put into the investment, that they are likely to put up phenomenal returns as a nice bonus of either being in office, or being a threat of attracting any meaningful percentage of the vote in that state before dropping out and endorsing an eventual winner.

If you leave a house unsecured, there’s a chance you’ll lose a furnace or water heater.