If it's an investment property & you want to make it really interesting....separate the land & home @ the time of purchase.Own the land in another entity (or by your kids)now you lease it back....you get the depreciation of the 'improvement' (home) & you get to take the land lease deduction, esp worth it if the land is a significant $ value as per the assessor.Around here we found land values can be high because of the larger tracts of land.

Interesting question.Deja vu all over again.I've been in Phoenix for 25 years, primarily in commercial real estate; although, I have served as a receiver for raw land, improved lots, and tract homes in Phoenix and Prescott.

All old tract houses have small eat in kitchens, outdated appliances, heating and air conditioning, etc.

I'd also phone the California Department of Real Estate to see if the agent's tactics fall within the real estate statutes and ethics of the profession.My experience has been that larger tracts, obtained by "packaging," invariably have a "hold out" that thinks their tract is necessary for a developer to move forward.

We just started getting REOs from local banks on homes and Tracts of land.

No exageration, the dog urine ate away a metal slider door tract.

I'm involved in all facets of real estate, from residential, land and commercial brokerage, to real estate land development, new home construction, the occasional renovation and enjoy real estate investing of all sorts, primarily buy and hold large land tracts.

Are there any commercial land or large tract residential land investors here?

Surrounding my property is a 70 acre tract of land which is absolutely beautiful untouched ground.

And there are income limits by census tract, with the caveat that (for example) in 90% of Oakland the income limit is "No Income Limit."