In some areas with low water cost the expense of splitting may not be worth it.

Those couple hours of research will save you hundreds of hours of time down the line, so it's well worth the effort.

It is only worth $120k, so I thought why not?

Never fully trust anyone that isn't willing to share the negative aspects of all this.As I'm sure you've experienced, this can be a very rewarding path to take and depending on your grit and determination, overcoming all the pitfalls are well worth the effort.Cheers and drive safe!

That being said, I have no idea what the land by the airport is worth or what they will be able to do with it. 

If i sell my SFR rental for $450k and equity is, for example, $200k...Can i invest 100k into a new SFR worth $275k and invest the remaining 100k into a sponsored DST or TIC (which deals are usually multiple hundreds of thousands of dollars?

Either way, with rent and price appreciation, tax benefits, holding long term is a net worth exploder.

I just looked at a place that would be worth double if it was a street over even though it's in the same zip code for example.Welcome!

I am a firm believer in the adage that your network is your net worth.

If you’re thinking of branching out, cities like Austin or San Antonio are worth considering, but staying local has its perks too.