Hey Lydia, thank you for the raw break down, it's what I really need.

@Tyler Jordison there are land loans for 12 month terms if you want to purchase raw land.

If it’s a total dud and neither of the above are viable, then donate it to a church and write off the value against my income.Option 1 above is the best but the difficult part is that virtually no raw land has sold in this neighborhood in the last 5 years so I have no idea what someone may be willing to pay for a lot like this.

There are grants for lower-income housing so there might be something there but I would likely find it hard to justify.Since prices, in general, are cheaper in KY I would spend more time renovating properties and repositioning them than starting from raw land.I have not built new construction for rental but in general for central KY price to rent ratio is around 1%.

While looking for deals I a came across some raw land that is currently in farm land.

@Jonathan Klemm well I’ve had my share including sewer lines breaking and hundreds of gallons of raw sewage backing up into a newly remodeled unit among many, many other gross and unfortunate clean-ups.

One thing I'm looking at first is if I can find any raw land for less than the roughly $6M I'd have to spend to buy all 5 buildings and demo them (including what I already paid for the one I own).

Purchase price: $81,000 Cash invested: $350,000 Sale price: $495,000 Purchased 1.5 acres of raw land and added well and septic along with 2100sf 1 story house.

So I focus now on finding raw land.

Hi all,A group of us just bought some raw land in an up and coming area of Dallas.