Which is why for centuries the government has leased this land to ranchers such as the Bundies that made national headlines a few years back over territorial disputes with the government.Land is periodically sold back to the public as the need and demand arises, however there are other issues at hand outside of a developer looking to annex a few thousand more acres for condos. 

While they can make helpful suggestions, brokers typically don't go into revising the actual language itself since that gets them into a dicey territory. 

On the other hand, the location is out of my focus territory (Southern New England) and the payoff period will be long.

Those would be your aggressive competition.Only 67 were flips since 2016, as expected, this is buy/hold territory.

Not much is known about it yet, we're in the uncharted territory, so proceed with caution.So, 1031 exchanges are tried and reliable - just reach out to the people I mentioned, if they don't jump in here.

Concede the territory and take your money elsewhere.If you like the hassle free money these properties have been so far, you're not prepared for the intense (and losing) fight ahead of you.Your cheese is moving. 

Anything above a SFR and you're veering in the 20-25% territory because they start being considered as investment properties. 

If you are in LA City limits you can find a lot of good info here.http://zimas.lacity.org/And here.http://ladbs.org/If you are in County territory they have info online too.

I'm definitely going to get an agent who is familiar with land but it's new territory for me and I'm still a little nervous about doing all the proper due diligence and still ending up with a useless lot (land in this area is NOT cheap) so it would be a big loss.Thanks for any thoughts on this.

No sense starting out in unfamiliar territory just because people promise you great returns.Just my $.02.