You will most likely incur exploratory costs (money at risk).Maybe get control of the parcel(s) that unlocks it after searching for easements on them and finding none.If you find an easement then Bingo your unlocked.Control might be available via options.Pay attention to this upfront>>>Big parcel like this on the water my first thought in the states would be Phase I enviro. 

I would buy stock following the value investing strategy followed by the Warren Buffet etc.Real Estate has that benefit of control over the assetSO i guess both would do, its just a question of weighting -95% real estate-5% stocks for example

I have several homes located within an HOA controlled Manufactured/Mobile home community in Washington County Maryland.

The government is trying to have control over who does the plumbing work in its jurisdiction in an effort to increase the standards for plumbing in that area.

This duplex is under LA rent control ordinance so the the rent increase on units is limited to around 4% per year. 

If you can't keep control of your personal finances, you are highly unlikely to succeed in real estate investing.

Rent control favours tenants as well. 

You want to make sure everyone is moving out with the termination and also you have rent control in your state so everyone moving out benefits you. 

In other words, I don't advocate to working for a good CPA and trusting them to do it... their job is to fill in the right forms but you need to be in control as the owner and not let the consultant dictate the scope of work.

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