One person's virulent weed is another's gardening challenge.We had a neighbour who nursed along a bamboo hedge for years, fortunately this cold hardy strain of bamboo only grew about 4' in height and had to be covered each winter (along with the rhododendrons) ... apparently it was only cold hardy to about -15, so anything that crawled out of the patch during the summer was killed off by the -30 to -40 nights in the winter.

Always good to see another member from the Garden State!

But it is not the garden of Eden where you just walk out and pluck a deal off the tree.  

That said, I think there is room for creative developers who incorporate elements like microhousing and co-housing and other quasi-shared living situations and who provide the types of amenities millennials want (gyms, dog washes, bocci ball, rooftop gardens, high speed internet, concierge, etc.).  

I used it to analyze a 145 unit garden apartment acquisition and it was very useful.

There of course is mortgage, interest, insurance, vacancy, maintenance, management expense and/or time, possibly utilities (some of my units I pay utilities and some I do not, possibly gardening (some of my properties I pay for gardening and some I do not), and the easy to miss and fairly large cap expense.You did not indicate where the properties are located but in San Diego I use $250 to $300/month for cap expense. 

He rents out part of the land for pastures to place cows etc. and then some parts lets them use for tree farms and also seasonal events.The front part he reconditioned an old farm house and has a bed and breakfast with an organic garden for the corporate type wanting to get away from the big cities and take a vacation. he is retired so he doesn't mind just making a little profit and covering the taxes on the land.

Ok, I did the math and it looks something like this:In my little corner of the Atlanta market a good number of the middle class home buyers want and can qualify for homes in the $100 - $200k range, which for the most part are your garden variety, modern 3-5 bedroom room homes with 2 -3 baths, less than 1/4 an acre and a two car garage.

Most long term parks require tenants to fully skirt their RV and most tenants who really are staying long term will build an addition, deck or patio, install a storage shed, create a garden, and show other evidence that they have made this their permanent home. 

There is an area refered to as Garden City really close in.