Not just the Naglee Park area but the areas around the university and San Pedro Square Market have really been improved.

Home improvements.

This would improve even more when you refinance.

What kind of improvements did you have to do to "create" lots.  

The income historically improves quickly so the cash flow improves quickly.

Can I ask if you are still using them, did they improve, are you using someone else for your skip tracing needs? 

While I am not an experienced investor, I would suggest working on improving your credit and getting the AirBnb going.

There are obviously less considerations in a vacant land transaction than that with an improved parcel of land, but you still need to ensure that the material terms/conditions reflect your wishes. 

What I give up:I don't make all the decisions on capital improvements or vendors.I lose some of the return percentage others may get because they are managing the deal.I am not operating my own money and protecting my own investment.

It is priced a bit higher than what I wanted but would really lend itself to a more upscale couples retreat with some improvements.