This plays into the affordability issues for tenants by allowing them to live in nicer neighborhoods for less money, yet I get monthly revenue comparable to short-term rentals.

Just curious if you can sell the lot after approval by the city and recorded with the county or do you have to wait for APN's to be issued? 

If using a lender this is a non issue.

Everything would be in your name and he would be at risk possibly even with a legal agreement.  

Jonathan, I am not asking for legal advise, I said advise, without the word legal. 

I have already had the pleasure of speaking with a few of you from Atlantic Canada here on bigger pockets. perhaps we can use this thread or create one to help with current issues problems or solutions to issues and challenges we face thoughts? 

The issue is always how to find deals which is marketing and sales.

One thing my wife and Iearned doing this was the noise from projects can be an issue. 

So we would buy the aceage and since the legal descriptions still called out lot and block we would just start to deed out the lots to get them on the tax rolls and the Assessor would change the maps. 

but working with someone who is local to your market, who can show you their legal documents that they have used, introduce you to a proper title/attorney office for drafting documents...I mean, nothing is foolproof...but that route will have a significantly higher success rate.