what kind of shape are the big and medium-ticket items in - roof, mechanicals, appliances? 

The PM says this is potentially shaping up to be a lawsuit that my tenant is interested in.

I purchased a home three months ago that came with 3 households and plenty of land to build on for 288.

There is one more little layer: the house is owned by Curt's land trust, and a person I have not mentioned, Marion, is the trustee (I think that's the term), so in a technical sense, I loaned to whatchamacallit land trust.Yep, a lot of moving parts.

Quote from @Michael Plaks: Quote from @Kory Reynolds: For my clients real estate businesses they pay between $4,000 and $650k purely for tax prep and tax consulting, Tell'm I can do it for $645k  ;)  When I met Kory and heard about the 650k client I was amazed at the logistics of it.... its like landing a rocket on the moon 

And a lot of start-up companies are migrating to this city as well, because of the efficient costs of living, the OSU campus that has thousands of students graduating and looking for jobs locally, and the availability of land.

The costs of land  , engineering , site work , permits , labor , and building materials make this virtually impossible . then there are zoning issues and the rest of the politics that go along with this . 

my scenario was a little different I would buy 20 to 80 acre parcels in Oregon and WA.. then log them .. using the skids roads and log landings strategically ( put them were future driveways and house pads would go). then do short plats  4 lots or less.. then sell the lots on contract.. the logs generally paid for the land so we had no debt on the land .. most land buyers took a few years to get to the point they were ready for construction loans..

I went the other way I was selling very tough to sell Land in Northern Ca. national forest areas (Mendocino) my fee was 10 to 20% and sometimes higher.. these properties are common in the West.. where you have private ownership surrounded by National Forest lands..

To be honest, @Luka Jozic (from the thread you linked) doesn't seem to be in terrible shape in my opinion, despite the discouraging comments he received.