If you’re currently investing in these areas, for raw land and development, what are some numbers you typically like to stick to when purchasing lots? 

We often neglect the non-financial factors because sitting here at the computer we don't have that additional info, but most certainly there are things just as important as the raw numbers that need to be evaluated...

Chew on some raw meat and watch a Rambo movie before you call any attorney that sticks his nose in like this, it just helps you get in the right frame of mind, LOL To me, it was almost sport mess with these guys!

I do know first hand that all the built out lots from the crash have been built out vertically and builders are now back to some raw land development.

I'm not really familiar with comparative market analysis as it pertains to raw land, but I would think this parcel is worth around $75k-110k based on what has sold in the area.Given the bargain price and the fact that the seller hasn't put it on the market --why hasn't he if he could list it for retail price?

I'm interested in all real estate investing, including buy and hold, flip, multi-family, apartments, raw land and even commercial real estate.

Bigger Pockets has been a godsend both in terms of raw information and for inspiration.

Find a Realtor who knows raw land.

Might have missed my point, the listing agent will have experience and they are not working at all for you, their goal is still the highest price and quickest done deal.I agree, get an agent on your side that has experience in REOs, one with thick skin who chews on raw meat!

As a raw beginner, how do I estimate repairs as accurately as possible, and also what would be the best way to arrive at an acceptable cash value to offer to the motivated seller (taking into consideration the repair costs and comps)?