I would wager this dynamic will probably grow in strength / validity over time as the economic outlook of things is (in my fallible opinion) probably more dovish than hawkish.

It'll be a crazy, uncomfortable ride if you watch it daily, but if you buy then turn off your computer and burn the statements for a few years I'd be willing to wager nearly everything good company will be higher than it is today.Housing deals will be aplenty as some people only look at the current situation and make emotional decisions.

I look at it as indictators of employment growth, wage rate appreciation, population growth, or a combination of mulitple factors.

Plenty of transactions occur involving account numbers.I'd wager that if you had the funds yourself and waived all contingencies... you could directly wire the money either to the bank to pay off loan or to the owner... skipping the escrow.

Check on your local meetup or swip swap groups and I'd wager you will find some groups wherever you live if there's a strong REI Community that play them

Additionally, I'd wager that these "do it themselves" landlords are not experts on the new tangible property regulations enacted Jan. 1, 2014.

I would wager that if there was an immediate higher use for the property, than a developer would have it already.  

But, if you're really 100% confident, let's make a wager -- you give me 10 million to 1 odds, and we make a $10 bet. 

I'd wager using the cash to buy another property and waiting 2-3 years to let the existing property appreciate is the way to go in the long run. 

I will wager that anyone he gets to do it isn't good at it, and won't be around long.