In recent years, we've often heard predictions about a housing market crash.

This strategy not only protects your profits but also provides a significant advantage in building wealth through real estate.To recap, seller carry financing and creative deal structuring have been instrumental in my real estate investment journey.

Neither of us can predict the future price (nobody can).

There is also one big issue with your tax projection - the taxes of $280 are based on the vacant land taxes and will likely go up to ~$2000-$3000 in a year or so when the assessor catches up with you.I realize there is a 1031 involved so a real estate purchase is necessary, but you should compare your ROI to a safe yielding instrument like a 10 year T-note or AAA corporate bond yield. 

Also is the date from the time it's recorded with the county or the date of instrument? 

But, in 20 years, if they keep it up, I predict that the same patterns will repeat, and prices and rents will soar. 

Here are some pros and cons for triple net leases:Pros of NNN LeasesStable and Predictable IncomeLong-Term Leases: NNN leases often come with long-term lease agreements (10-25 years), providing a stable and predictable income stream.Creditworthy Tenants: These leases are typically with established and creditworthy tenants, reducing the risk of default.Minimal Landlord ResponsibilitiesTenant Responsibilities: Since the tenant covers property taxes, insurance, and maintenance, the landlord's responsibilities are minimal.

You will likely get two different answers to your question, and it ultimately stems from your usage of the word "foreclosure".The word has technical definitions, and as JD pointed out, in a sub2 deal you don't have a security instrument that authorizes you to foreclose on the property. 

Personally, I have predicted too many crashes, and hence missed out on the booms when I was wrong.  

A year later the property sold and was gutted to studs as I predicted.