I was able to get 27 lots ranging from 3-15 acres a piece.We have consulted with Soil Conservation and the County Planning Office.

However, I believe it has deflated a bit recently due to the current interest rate environment, increased inventory of nearby new homes at a low(ish) price point, and the neighborhood turning to mostly investor owned homes.I do have mortgages; the tenants are paying these down. 

Like CAL Pines out of Alturas  that one was being pitched by one of the Chips actors on infomercials and they bought all their inventory at the yearly tax sale.

My guess is in that price range and limited window, you will not make enough additional appreciation to make renting it out make sense, so unless you planned on keeping it forever as a rental you are probably best off selling and cashing out.

Our guests have ranged from newly hired UNR football coaches relocating their families to individuals traveling for medical care, couples on ski leases for Mt.

In real estate, it is really about your cash on cash return, so the least amount of money you put into the deal, the better.What would come out of pocket at that point would be the difference in down payment, which in this price range tends to be limited.

If I were to sell, I would look to buy another multi-unit property in a smaller town in the $100-120K range that cash flows $400.

They offer a range of options for monitoring vacant properties, including some handy sensors that attach to water heaters and alert you if water is detected in the drip pan.

The real thing that will decrease housing prices is increasing supply, either by building more homes in an affordable range (and therefor probably smaller).

Also, try to find similar rental units in the same neighborhood to compare to so you have more of a rent range/conservative approach.