If you are risk adverse real estate, (especially out of state) is not for you.

If you are risk adverse real estate, (especially out of state) is not for you.

Typically once road work improvements are complete for your area it is a benefit unless the traffic is diverted away with the improvements from your road decreasing traffic in the future or making the road wider will have the DOT take part of your land adversely impacting what you can fit on the site.

I don't have hundreds of thousands to through around, and want to continue to climb the ladder, so my adversity to risk is moderate.My questions are:1) Should I leave well enough alone (still making cash flow).2) Should I build homes on them, and hold for a few years.3) is there enough money at stake to justify a small time investor doing such a thing?

However, you might be able to accomplish the same end goal by using the 1031 to buy a property via Subject-To where you adversely take control of an existing mortgage.

When that happens, RE will be adversely affected.

We know this situation may affect many of our residents in an adverse way economically.

Some jurisdictions have procedures for "adverse possession" where you take possession of the property and pay taxes for a certain number of years, then you can go into court and establish your ownership.

I would like to know the pros and cons of doing this as it appears to be beneficial from the surface but I do not want any adverse effects from tax perspectives.

With the quitclaim deed, you would also have color of title -which can be helpful in paying the property taxes and for claiming adverse possession or for later quieting title.