Hello BigPocketers,
I’m seeking advice on the best way to approach this situation. I recently purchased a 0.42-acre piece of land for $90K. Directly across from it is a vacant 8,000 sqft lot listed for $75K. Consider...

Medical costs....

It's ridiculous, 1 mill a year167 props,  with 50k in saving and credit of 8k, come on , I am saying this post reads like a FB post, Mr/Ms Admin,Bob may be suffering from dementia or some other kind of medical issue.

Asset hunters find unique assets and things others can't see (extra land for an ADU, extra room for another full bath, etc.).

Hey Graham,I've been watching the Philly market pretty closely...it always has its unique ebb and flow.

This is  actually a very interesting post at a unique time.

Perhaps not the best example, but  what you are doing is no different than a medical patient who walks into 6 doctors offices with a broken finger asking to be treated with radiation.

Every business is unique, so the decision should be based on your specific needs and risk profile.Before making the switch, consult with your insurance broker to ensure that a program-based approach is right for you.

There are some creative financing options and unique properties that might align well with your goals.I'd love to grab a coffe sometime and hear more about what you're looking to achieve if you are ever in the Phoenix area.  

Traveling professors and medical professionals would probably be my target avatars.I am biased though toward MTR as a strategy, and it's not without risk to spend a couple grand converting an empty LTR into an MTR, so consider all of your options carefully.