That is an obsolete 18th century "Mercantilist" view of economics. 

That might mean you'll get the world's greatest bargain, or it might mean they're willing sit tight, for centuries if need be, until they get their insanely inflated price.

I found one called ( Rainbow Knolls) old subdivision platted in the 20s but because it was under one common ownership  ( 104 lots) assessor on the assessors plat map showed it as a 15 acre tract.. we made an offer like it was one building lot.. then we got our HML to put 104 individual loans on each lot to the tune of 3k per lot we used that 300k to build all the roads and infrastructure.. we recorded each loan individually which caused the assessor to reestablish the plat. without having to go through the platting and land use .. planners did not like it I can tell you.. but now a days out west this is quite common and there are easier ways to do this.. in Oregon for instance they call it a lot confirmation.. there are all sorts of shadow lots lying underneath lots in the city.. takes 60 days and a few hundred bucks and a current survey and you can split lots as long as there is a shadow plat that was recorded back around the turn of the century. 

@Neel Jain for property managers will you go with a big name like century 21?

The mid-century modern look caught my eye while combing through properties on the MLS.

I try for timeless old fashioned looks in my century old buildings, mid tone wood cabs (last in shaker), B&W subway tile baths.

The Real Estate one is definitely one on my list I actually just finished reading the Business of the 21st Century!

I'm currently working with Keller Williams in the Studio City office and focusing on the San Fernando Valley areas and out through East LA.I am very interested in working buyers/sellers/investors interested or working in Mid Century and Modern homes and here to help ALL investors as an investor myself.

You’ll then thank them because you think it’s the deal of the century  

He has another quarter of century sentence to serve over stupid rentals that he should not possess.