Perhaps a tool like this could help spot supply-demand imbalances and/or misspriced lots; then those under-$40k lots (avg) could be bought & resold for 1.3-1.5x.Here's a public test of the currently listed lots, three per state, suggested by the tool:GA:- https://www.realtor.com/realestateandhomes-detail/Ralston-Ga...- https://www.realtor.com/realestateandhomes-detail/71-Laurel-...- https://www.realtor.com/realestateandhomes-detail/Aubery-Ln-...ME:- https://www.realtor.com/realestateandhomes-detail/68-Quarry-...- https://www.realtor.com/realestateandhomes-detail/9-Surry-By...- https://www.realtor.com/realestateandhomes-detail/Sunset-Hil...NC:- https://www.realtor.com/realestateandhomes-detail/Old-Crows-...- https://www.realtor.com/realestateandhomes-detail/Turkey-Run...- https://www.realtor.com/realestateandhomes-detail/Bear-Cliff...NY:- https://www.realtor.com/realestateandhomes-detail/Hemlock-Ln...- https://www.realtor.com/realestateandhomes-detail/Middlefiel...- https://www.realtor.com/realestateandhomes-detail/231-Burke-...PA:- https://www.realtor.com/realestateandhomes-detail/Purple-Mar...- https://www.realtor.com/realestateandhomes-detail/14-Pocono-...- https://www.realtor.com/realestateandhomes-detail/Billy-Ln-L...VA:- https://www.realtor.com/realestateandhomes-detail/Dillards-H...- https://www.realtor.com/realestateandhomes-detail/Egypt-Bend...- https://www.realtor.com/realestateandhomes-detail/Riverbend-...The areas where the tool "looks" were pre-screened.

I've never seen an appraisal list an apartment building nearby as a reason for a lower value or as a negative price. 

And if I’m talking to fast for you and you can’t keep up Drew just refer above to the real truth and facts from MSHDA on the Wayne County landlord packet that anybody having anything to do with real property management in Detroit should have many of.

I hold fast to the 3x rule only because my requirements (3x income, no evictions, no felonies) is on my listing. 

Im always surprised at the negative comments when someone talks about the real estate cycle, especially when history tells us it is somewhat predictable.Can someone predict the exact inflection point?

I think the listing price isn't competitive enough to put the risk factor that might cost big or small.

You can also be added to a "List" or people that banks/lenders use to flag all of your future applications similar to a "Fraud Guard".

He hasn't decided on the value of the lots yet but he is talking around 50k for approximately .5acre lots which for our remote area seems high.  

The odds are against us since the seller could easily list their property via traditional means in 2yrs when they retire.

When you buy an investment home you only need 15% down even up to 4 units so make sure you and all of your partners have talked to a seasoned Banker.