This included necessary updates and improvements that significantly increased its market value.

Title (a deed) doesn't even describe the improvements.  

You can also provide the appraiser a list of improvements you have made to the property for reference. 

Portfolio capital markets have improved dramatically this year and are more competitive than Q3/Q4 last year.

Spend the money on flight and hotel when you acquire the property to thoroughly inspect the property and put together a detailed improvement plan.

Have you talked to your current HML about rolling over your current loan into a new loan based on the work/improvement already completed?

He bought the home with no money down, Home town Heros program and creative finance, then we developed the property by improving it with electrical upgrade additional meters and more bedrooms.

If you told him you have been playing pickup games for the past year and need help improving your jump shot, now he has evidence you're motivated and a specific goal he can quickly help you work towards.

Profit is determined by taking your purchase price of that property and adding capital improvements and subtracting depreciation of 4 years. 

My question is this: Should I just buy both properties, build the road, and then sell the second lot (now improved with an access road) for a profit?