(click to enlarge) Average neighborhood property value is ~120k.What do you think? 

@Paul Ellis  the difference between a land split and a subdivisions in pretty much any place I have worked is the subdivision Map act come into play at 5 lots or more.4 lots are less are what typically call a short plat. and exempt from the heavier rules and regs that a subivision falls under..has to do with many different things.. including different types of traffic studies.. storm sewer, water , sewer , schools, parks ,  fee's in lui  ,, soils  etc etc@Stephen Haynes  Awe I had not heard the term perc and mantle in years thanks for that tid bit.. it used to be you could put a perc test between every 2 to 5 lots and that would suffice and or drill a few wells but not on all lots..this goes to the practice years ago in many areas of never doing any of this and creating literally thousands of parcels that can't be built on with the new codes.You see these parcels come up for tax sales all over the US.. jurisdictions these days only want to create a parcel they know can  be built onWhen Boise Cascade built the 27 mega rural subdivisions in CA.. ( Pine Mtn Lake, Lake Wildwood, Hidden VAlley and that one just south of Sac)  they were allowed to plat 3 to 5 thousand building lots with no perc's and put a water system in that maybe could handle 1/5 of the houses to start leaving these communities to have to enlarge the systems out of their own nickel in the proceeding years.. leading to all sorts of building moratoriums and folks paying taxs on lots they could not build on.. there are still hundreds if not thousands of these lots that are still non build-able because of perc requirements.

You'll need to click the images to enlarge them.

@Khoa Ha It's impressive to increase the sqft of the house, it's a game changer if you can enlarge the size of a house!

I can't wait to get on the ground, and translate my plan-view knowledge of the area (from hours poring over maps/satellite photos) into a 3-D perspective. 8)

If you find one of them cash buyers with money coming out of their pores, you are golden.

Incorrect drainage is the issue for many older homes having foundation cracks as the added pore water pressure from the rain creates an uplift force and can cause differential forces on the foundation (a foundation's enemy is not always more force but it can be less force to retain the foundation as well).Just know the wall wont crack on its own.

Click on it to enlarge it. 

Maybe you need to enlarge it.I see properties sell for are price range we want to stay in but we seem to also be to late and miss out.

and using your due diligence to pore through the leases and determine your strategy.