TWO  it will get read  who would not read a letter form a Law firmin this scenario were you have commercial type property you don't need the I buy houses fake out letter .. to the point business like shows your serious and capable.I had a 40 acre tract in Oregon that I had just logged.. and I got a letter like this from what turned out to be someone who wanted to go through the very rigorous land use process to get a building permit for one home and the offer was substantial and no BS.. that stuck with me all these years and I have used it many times when buying investment grade deals.

Images of Mid Century ModernDefinition of Mid Century Modern Many of the tract houses with low slung roofs, exposed wood ceilings, brick, etc. built in the 50-60's were Mid Century Modern. 

Cash flow, which is almost unheard with regular tract houses, is pretty much guaranteed with affordable rental properties.Safety can be a serious concern for leveraged investors!

I recently gave a 1970's tract house a mini kitchen face lift with General Finishes Java Gel Stain.

It's actually Fannie Mae, not FHA. 3% or 5% down depending on census tract and income, owner occupied interest rate pricing applies (which is AWESOME).

In another case, through a series of errors on the part of sellers and buyers, as well as taxing authorities, two chains of title were developed for a single tract of vacant land. 

And of course speculating on land in the path of progress is not a  cash flow play but can have some very big upside.. so one could round out their portfolio buy buying a few of each asset class.One of my best investments ever was a 4 acre tract in Wine country Sonoma county city of Rohnert park.. it was on the edge of the city limits.. but it was cheap I paid under 30k for it in 1994 paid cash... and just paid the 300 a year in tax's all these years. 

Also how could you write a co tract without an address/legal description.

A big contributor to this in my area is due to the slowdown in the big tract home communities where they are building hundreds of homes at a time.

I was nickel and dimeing little tracts, when it caught my brothers attention.