But to really determine what your investment will look like you have to dive deeper into the analytics.

If you do that and want to get deeper in the future, you can dive in to Kelly criterion for optimal growth rates.  

I will eventually delve into the more complex projects, but at this point I am at 5 properties for a total of 13 units.

I did stud out remodels for about 10 years and then delved into new construction. 

Oh I know what they TOLD you, but look at the deeper picture: Is there something they know that you don't, some problem, some government regulation or zoning that precludes the lot development from working, some environmental issue, anything that they could pass onto you as the new owner, that they don't want to deal with or risk they are trying to shift to a "greater fool" - don't be that guy. 

Well while that is partially true lol you may want to look deeper.

I suggest digging deeper.

I'd dig deeper 

I have started researching the economics for Georgia and Texas on more of a macro scale trying to decide where to begin diving deeper.  

I have to say...as this discussion progresses and I delve deeper into FICO....I'm finding my position changing from my earlier contention (of what a day or two ago?)