I also want to mention that I've been buying multi-family buildings with Partners here in Brooklyn for the last 20 years, currently have 7 multi-family, in Contract for a 3-Family Building in Prospect Heights for $1.890 Million.I know there may be others that might suggest you live in NYC and buy cash flow properties outside.

I'm renting out a condo and a prospective tenant asked me if I would supply the air filters for the unit's HVAC system. 

You say potential so does that mean vacant pads where you have to plop down a home or develop infrastructure ( i.e. roads ,sewer, electric   )   .  

I'm hosting a house hacking seminar in a few weeks for prospective buyers interested in multi unit buildings who want to live in one unit and rent out the others.

I spent time on the phone with the CA FTB and Employment Development Department, and am still struggling to find the right way forward with our complex circumstances. 

If it becomes reality, all kinds of investments will benefit, single family, multi-family, flippers, land developers.

There is also an incredible amount of development in the area which has caused the rental market to soften a bit (average rents in 2017 dipped as Supply exceeded Demand). 

Industry activity as well as proposed and current development projects look to keep us in a strong state.  

There are major technical enablers being developed in the IT and tech industries that can help improve these issues, i.e. advances in cloud processing and language standards (xAPI, being the primary enabler). 

We've talked with them often about the prospect of buying the land "someday".