I’m diving into the world of tract home development and looking to learn more about the financial analysis process for unimproved land.

It is all about the thrill of the chase, the analysis, the risk v reward...

Also responding has sharpened my deal analysis.  

.: Hi All,I was wondering are you still using the 1% rule when doing quick and dirty new deal analysis?

I have considered that a 3 year lookback might be insufficient for a complete analysis; but it's what's available right now.

Quote from @Hector Espinosa: Hi All,I would like to hear your comments about the following property, which I think, based on the analysis I made, seems to a be a potential good investment:* Purchase Price: $98,000* Monthly Cash Flow: $310* Annual Cash Flow: $3731* CoC ROI: 15.86%* 5-year annualized return: 15.35% (with a profit if sold of $25K)Also, what are some of the disadvantages of buying old houses? 

What analysis did you do to come up with these areas?

Have a future load analysis done and get estimate for what you want. 

As for Marketing, I've never seen an agent propose a marketing plan with market segmentation, value proposition, buyer profiling, market analysis, or any of the MBA type stuff. 

If that's the case and you aren't viewing more properties in person than you are making spreadsheets on, you are destined for analysis paralysis.Spreadsheets can only tell you estimations based on numbers given to you online or by a real estate agent whose job is to sell the property.