Some sites say they were worth at one point 80K+ - then a few years later they were 25K - even though they had improvements.I plan on getting an appraisal done for each and updating the Parcel info with the assessor - since they are all incorrect.I also want to purchase a few wholesale homes in next year - but I am not sure if the area they are in - even though close to the downtown area are worth it - since they seem to be in historically red-lined areas. 

Also, many times 5K lots in higher density zones have underlying historical lot lines (original platting). 

Fun historic fact: Lots of medical doctors thought Web MD would put doctors out of business.Fun current reality: Web MD turned the United States into a nation of hypochondriacs.

You can usually view the historical financials of the asset, the renovation plan and budget, and future projections before you decide to invest.

So Cal has historically appreciated well but recently had a 6 year very good appreciation cycle that seems to have slowed starting about 1.5 years ago.

Quick question for the group: I found industry data showing housing price appreciation by state and MSA, both recently (last quarter, last year) and more historically (5 year, since 1991).

We historically have filed the income as a sole proprietor on Schedule E.

A common path historically.

$400/mo into a total market fund at your age will make you a millionaire at historic returns. 

On the market: population growth 20%+ since 2000, income growth 30%+ since 2000, single family home value growth 40%+ since 2000, down trending crime rate (city-data.com index below 500), unemployment at or below national average, jobs growth of 2-3% annually.On the property: 16%+ IRR with the following assumptions: 75% LTC, economic vacancy of at least 10%, rent growth 3%, expense growth 2%, property taxes are based on 90% of the purchase price (TX-specific), current rents are $200+ below the market, exit cap rate is above historical average.