B) Hold the lots, pay the taxes each year and just sit tight to see where things go, hoping in a few years demand will pick back up and then either sell the lots or build. 

I'm going to give you some answers you may not like, and hopefully some that will help.  

Hopefully, if a "friend" asked to borrow money from you, you'd check if he had the disposable income to pay you back.As for your accountant, that's up to you. 

Hope it goes well

I hope that adds clarity on the value Rent To Retirement provides to our investors.I see you are very active on BP forums daily. 

Everyone seems to want some flashy techy whatever, do this online, do that mailer, get this site going, spend spend spend and hope hope hope something happens.....

Hope this helps!

Hope this helps.

I find data on free sites like Zillow extremely helpful for days on market for certain homes, and it allows you to sort by bedrooms to see how long a potential property may sit on the market at this moment (great for comping rent prices in the area as well)if I were to live in the property, I would take advantage of the FHA low down payment option to keep cash in my pocket for Reno costs  Hope this helps!

That is why I posted - hoping to find out where exactly my analysis is flawed.