I would take the home confinement too.....sit around and watch football and drink beer.

But that’s when you need to push yourself and an excellent way of doing that is recalling what marathon runners call “Reaching into Your Cookie Jar”.

This was a good deal at the time of purchase but in hindsight buying bitcoin and sitting on it would've dwarfed this return.

More risk adverse investors seem to be making these deals work...and ultimately are getting rewarded with appreciation while more sound/by the book investors are sitting on the sidelines.  

Based on the numbers you provided above, you're sitting around 1% ROE for the year. 

View reportHi all,My realtor has this property for sale and I was thinking about purchasing but as it sits has no COC return.

Part of me wants to sit back and do nothing until things get worse, but part of me feels like i should be more proactive.

And in CA laws in many counties have changed see  LA county that those lots created before 1920 must meet modern lot standards to be recognized again.In Portland were I work its much easier and its one of the ways to really makes some good dough when the seller does not realize they are sitting on multiple lots that just need and over the counter lot confirmation to revive the existing lot and make it buildable.but in your instance, it sounds like At the county / city level they are not recognizing the underlying lots.. there for the contract cannot be prosecuted and closed as written. 

Happy to @Sam Shirazi, map courtesy of Google below:You are correct that San Antonio is SouthWest of Austin but Goodnight Ranch sits fairly close to I35 which is the major connecting highway for the two MSAs.  

It is for a Vacant building that is just sitting.