land has very little value if existing homes are selling for less than New build replacement costs. which is pretty much half of the US.. and especially in the mid west and rust belt areas.. building lots have value in dense urban areas where new infill is going on in a big way..

Let society impose general taxes and then subsidize the necessary tenants.

They'd be way better, unfortunately society works the inverse therefore they'll always be under water.

We live in a fast pace MOBILE society today that ever before.  

This biggest thing that helps Lexington overcome Louisville (IMO) is that the supply and demand is greatly affected by the urban service boundary.

You read the current minimum size for a buildable lot in the code requirements outside urban areas, specially when septic is involved, and these lots simply don’t pass.

I wouldn't look at fix and flip for 100+ year old properties I'd recommend urban infill new construction much more control less stressful more advanced more value easier exit, etc etc 

More than anything this will exclude you personally from claim history (some of which is without merit and is the nature of the litigious society we live in). 

@Rick AlbertPart of what is happening in Nashville is the increase in apartments coming online in the urban core.

Completely new to this space any advice or recommendation is appreciated. lots of ways to answer this but from experience there is existing, cash flowing inventory of single family, multifamily, commercial. there is new construction of single family, small multi family, and large development ground up multifamily. we play in the second area. all urban core higher density infill lots best locations.