The lack of capital gain would already be a huge no no for me but so is the inferior property title (foreigners can't own land in Thailand).There are so many better ways to make a 10 - 12% ROI, which by the way you're not guaranteed to get (which would be ok if you could get capital gains)!

other than working with a local bank to get our financing and the land and title company I think that was it.

I replied, asking him to send me pictures, and I would get back to him.My understanding is that if the area is in bad shape, I need to maintain it.

Some people recommend filing in WY, other recommend land trusts, etc. 

And the fundamental part of the investment needs to be a bet on the underlying land value as a scarcity play.We've been saying that on BP for a year + ad nauseum.

Make sure fourplex is in decent shape or are able to make major repairs/have funds to do so. 

The property is on a large parcel of land.

Make money leveling the hill, but also filling in the land with the low spot at the same time.4. 

Purchase price: $165,000 Cash invested: $1,200,000 Purchased raw land and built a campground What made you interested in investing in this type of deal?

Hi @Chen Avnery I've been a land broker in Southern California for fifteen years and before that I was a subdivision title officer for seven years.