I'd build on an infill lot closer to downtown. you can get land within the downtown markets and construct multifamily properties through the same process and higher units and better floorplans. we just passed our first triplex in central ohio and are breaking ground in 3 weeks. 

@Phil SheltonI owned triplexes in Queens, looked into it, and found it totally senseless for a number of reasons.I had a boiler and hot water tank for each building.

:) Hey Kevin,I would highly recommend connecting with an investor-friendly agent that can help you build the rest of your CORE 4 such as contractor, property manager, and attorney.

It's for multifamily buildings with 6 units and above.

I do trust this partner very much and feel very comfortable that the outcome will be good no matter how the deal runs because of our relationship. 

I too often see people trying to build a site by themselves and compete with highly optimized websites.

Also, if I build an insurance agency that would generate passive income for me as I get a % of my teams sales. 

There are people still moving to TN, which will continue to push pricing up, and while most of the country has seen rents either flatten or go down, most of these markets have done pretty good.Problem is in the short term it may  cause an affordability problem, especially in the smaller markets that don't have enough building.

Clearly at the time the land was divided and sold, it was considered acceptable to building houses on this size lots, even with septic.

Primarily this applies to when one took bonus depreciation on land improvements, or in the case of nonresidential property, qualified improvement property.The one type of depreciation recapture you can defer with an installment sale is "1250 unrecapture" - this is that typical 25% depreciation recapture rate that you think of, which is the depreciation recapture on the straight line building and/or straight line depreciation on something like the previously mentioned land improvements or qualified improvement property.Allocation of the sales price is incredibly important here.