Once stabilized and cash flowing, we will sell to an institutional fund looking for 6% caprates - it will have a nice upside at that point, but in the meantime we'll cash flow a bit til that happens.I do like your idea of using raw land for agriculture.

What can come into play are homestead exemption rights, as to amounts, but raw land may have homestead rights as well, there will be variations state to state.

Wholesaling, MH Investing, Raw land flipping. 

Several of the larger cities can make for good investments for the right properties but you can also find development projects along the Pacific coast where you can buy the raw land for relatively cheap and have the benefit of it being part of a larger development and have on site management as well as security. 

But it has turned so fruitful, now I'm on the hunt for my 2nd investment property.

You have no rights at all from the position of holding any tax lien to possession or in taking the fruits of ownership.Seems you mentioned the business model offering "privacy" most thieves usually don't want to make known their escapades, perhaps a money laundering scheme might keep the rents paid under wraps too, but I don't see anything addressing the privacy side nor can it be to the point that this method can't be discovered.Well, again, I spent time addressing guru type matters keeping newbies out of harm's way.

Due to this and compressed cap rates we have found ourselves riding the sidelines for many deals that come our way.That being said there are still many REI opportunities in the state to be had - it just won't be the low hanging fruit that you can constantly pick from.

The investors did little to no maintenance, didn't visit the property, but sent a fruit basket to the tenants every Christmas, which amused the tenants.

I'm wondering if anywhere near these markets might be especially ripe for flipping raw parcels of land?

I've noticed a real uptick in complaints about this lately, but that's purely anecdotal.PPCPPC, or pay-per-click online advertising, is the newer kid on the block, although it's been growing quite a bit due to some prominent adopters (notably Sean Terry, the guys at We Buy Houses, etc).PPC has two fundamental strengths: speed and objectivity.PPC is one of the fastest marketing channels there is, and it's raw speed allows you to launch into entirely new markets in around ten minutes or so.