Someone who buys a tract of land and simply holds it because someday it will be worth something is in good shape.  

If you can swing 95% LTV, and you aren't over the income limit for the census tract (many tracts have NO income limit, so do check even if you make good money), there's a Freddie Mac solution that not a lot of people talk about. 

Now, on a serious note, as for investing out of state, speaking conservatively, if you had taken that same $1,666,062 and invested in dumpy San Bernardino 3 bedroom, 1 bath 1950s tract houses back in 2008-2011, your pile of equity would now be, again conservatively, in the neighborhood of $3,123,866.

Eligibility is dependent on borrower income and census tract which you can google to find out.

These tend to be larger tracts of land that would hold 20 townhouses or so

I am on the No Cats Ever bandwagon also because I used to own one that would let us know she had a urinary tract infection by peeing the most god awful smelling pee on the bathroom rug. 

Really old center of the original town, but now sprouting all over with large homes on large tracts of land, lots of water everywhere, and no place you can't go as the major arteries of travel are always somewhere nearby.

My wife's house appreciated 14% in 2016 based on 2 comp sales of the same plan model in the same tract within the last 6 months. 

I am working with the buyer and was wondering i should get the house under co tract and assign it as a wholesale deal.

I recently purchased a small 10 acre tract with a mobile home on it for 103k.