The proceeds from the sale will probably go toward rehabbing Lot 2 and sell it for more.

He had a tech job and we talked the business and he was legit and when meeting the family, they were very respectful. 

As @JonathanGreene said, tech has created an environment that allows folks like you Jon, to enjoy investing on your terms so that you do not put all of your eggs into one basket (so-to-speak).

Not too bad when the inventory is low, the number of sales is low (like a 30 year low), interest rates are high and prices are high. 

.: Quote from @Basit Siddiqi: I think it lies in that a lot of service providers in the real estate space are incentivized(money wise) to promote thier business.Real Estate agents are a small business, the more clients they have, the more money they make.Property managers are a small business, the more clients they have, the more money they make.Lenders, correct me if im wrong, are tied to some sort of bonus structure, the more loans they generate, the more money they make.More promotion leads to more awareness which leads to more money With all do respect I think REA's are commissioned sales people.

Look, we’d all like to search the internet, find a deal for sale, analyze the property as having a great cash flow at current interest rates, with lots of upside potential in a gentrifying market.  

Don't go for the cheapest (unless the price is lower because it is on sale), but also don't go for the most expensive. 

We got out of condo conversions couldn't really sell any of them and transitioned to ground up development of single family homes and three story walkup triplexes on a build to rent model which is much easier for us to manage and our exit isn't a sale it's just a refinance. 

Check out Zeona's book 30-Day Stay on sale THIS WEEKEND for Black Friday.

I see a lot of 250-300k 3/2 for sale that are going to compete with the new builds, and that size is only renting for 1800-1900 to month max, so I find that the numbers don't work for me, or are very marginal at best.