A tract of prime real estate near the interstate, enough acreage for a small subdivision, was donated to our local zoo with the caveat it wouldn't be developed.  

But recovery isn't going to be large-scale production operation, such as would be the case if a developer bought a hundred acre tract and built a new subdivision. 

I've been trying to digest as much RED knowledge as possible lately (no prior exp, but really enjoying it all), and am thinking of helping my parents with their property.

There is so much good information in that thread its a pity it's not summarized in ebook form or something more digestible!  

The 1.5 acre tract is made up of 9+ lots and the 3.5 acre tract is made up of 20+ lots.

Depending on the location of the property, as you push out from Portland you get bigger tracts of land around here.

I KNOW the condition of my apartments at turnover -- because I have cleaned them and personally inspected/cleaned the appliances, window tracts, etc.  

And if the home is in a census tract with an income limit, the rental income counts there too & might push you over.

The land owned by somebody else was not tax delinquent and was not part of the tax sale.Saw at one tax sale that a young couple bought a 1 acre suburban tract of "vacant" land and even got their pictures and a story on the front page of the newspaper. 

In my mind every one of the HIGH WAGE earner younger guys 30ish should be buying a tract for their retirement..