Whether CA or another state, land sales are often a specialty of certain brokerages and land speculators.

Yes, we were (and are) speculating.  

NO NO NO This isn't investing, it's speculating AT BEST. in 10 years he might make 45k per year but he already lost 140,000 (plus expenses, inflation, etc)steer very clear of this guy, he isn't investing he's trying to brute force his way into the market.

I made my offer at $147k (So I can at least snag $150 a door and maybe $200 down the road, but that's speculative) because at $175k (list price) there's no profit, I would say it's a loss if you add the time involved in organizing the deal, and $180k, you're cheating yourself.Your monthly maintenance is too low, I would at least say $100 bucks a month, if you include cap ex make that $170 a month.There's no profit in the deal, the square footage of the house sucks, you have no backyard, no garage, you're going to need to build a car port, you're within kissing distance of another duplex so you have no privacy, and it doesn't matter how close it is to the med center, your rents will stay low due to the fact that the property is missing the aforementioned features. 

Are you certain it will go for $200K or speculating it will?  

Are you investing for cashflow, speculation, retirement?

You can protect against random events and it can happen anywhere, but I rather not invest in a market where I know going is there is consistent risk.I don't buy for appreciation (I don't speculate) but I like investing in areas where there is a good possibility of appreciation because areas that appreciate are usually growing, have strong demand, etc so a good indication that long term micro-economics are strongI look for areas that have shown more consistent historical price performance.  

So, if I agreed to pay you 60K for your 30K property and you financed to me (financing doesn't really matter except in this thread) both you and I have a valid justification for paying more and financing more, as I am speculating as to price increases, a significant price increases in the near future.

I don't see a lot of 'speculative' investing going on, which to me says 'bubble coming'.

Sure it could turn around, but this is speculation.