Quote from @Bruce Woodruff: Quote from @Stetson Oates: I’m not an attorney so this is not legal advice!!!!

As everyone should see from the above posts, investing in real estate, especially foreclosure and tax sales, REQUIRES a working knowledge of legal aspects that can possibly affect the purchase.  

Ask legal counsel though.

So we would buy the aceage and since the legal descriptions still called out lot and block we would just start to deed out the lots to get them on the tax rolls and the Assessor would change the maps. 

Legal fees, if any7. 

Utilities paid by me or lawn mowing and snow, realtor commission for renting, legal expenses etc.  

And/or are you willing to take the risk of being sued by the seller for not performing on a legal contract (and losing your earnest money)?

Be sure to review the legal documents, oral representations won't stand up in court.

A real builder is supposed to do their own diligence and be savvy enough to know that access (legal access, not just does it abut a street) should be the number one thing they check first.

They keep you legal in regards to screening, notices, and so on.