There has been a lot of development here in the last few years and a lot of tech jobs coming to the area. 

That being said, a large developer may have to update or put some money toward roads and traffic safety in order to get approvals.

Some investors bank on the value of a property going up if there's development aka gentrification going on near the property but that's still very risky.

You CAN get a deal first but you had better know your market and be able to run numbers but also identify what is an attractive deal to a buyer in your area.

I recently came across a HUD (US Dept. of Housing and Urban Development) home in an area of NY I've been searching. 

Is there a "possible encroachment" identified on the survey?

That's lower end entry...there is a wide range in Denton and there are opportunities, depending on your risk tolerance to look at higher end...in Denton County we are still undergoing strong expansion and are seeing spill over of development around the top of the lake. 

As a side note - THIS is what gets me pumped about going to work every day and what I hoped for from writing Set for Life - I love that folks like you can develop strategies to aggressively knock out financial worries and then pursue their creative passions in life distraction free. 

I am in Nova Scotia for a week in August so I am going to take a drive out to identify the areas I want to invest in.

Last I read that Venice Coastal Development Projects shall not exceed a maximum height of 30 feet.