I recently purchased a 0.42-acre piece of land for $90K.

What we do with clients who build single family and multifamily is we break the process up into several pieces.

This is the real estate version of “dollar cost averaging.”So even though home prices do go up and down, they tend to go up overall.If you get in the market you are getting a piece of the pie, versus waiting and missing out.For example, you might end up selling when prices are lower, but then you are buying a new place when prices are lower too.

If you don't like what you hear plug your ears and do as you wish.

The land represents ~1% of the purchaseOn the contrary - if you purchase a $2 MM shack in manhattan on a postage stamp lot, the land could represent 99%Lever 2 - % of the property with a shorter useful life.Not all parts of a piece of real estate are depreciated at the same speed.Certain personal property assets have SHORTER lifespans in the eyes of the IRS vs the standard 27.5/39 year livesProperties with tons of this often have:- Over-developed land sites (hardscaping, pools, retaining walls)- Fancy Fixtures- Fancy Furniture (STRs!)

Quote from @Rosemary Earl: I am in Berkeley, CA with a med term furnished rental but I'm having issues getting it rented and I have no idea why.

If you're introverted and shy, you'll be ignored and left in the corner eating a piece of pizza wondering where all the deals are at.

My biggest piece of advice is don't jump.

If you come across my cut/paste LLC response (as shared in the link above) and have advice on how I can improve it, I'm all ears.  

I’m excited to start putting these pieces together and taking some action.