Ah modern day education, a farce, I'd guess 80% of us on here have degrees which have nothing to do with what we do today and that the hours we spent in textbooks have never once been applicable to our daily lives.

So im getting $20k discount and the house for free which is assessed at $75k.The area is up and coming and there are a few modern properties popping up on sub dividable lots.The market is very hot, if he were to sell using a realtor id say he would easily get $600k.I would like to lock in the purchase now and potentially he could rent it back from me so he didnt have to move and i get a property at a great price as by august the market would have gone up even more and he might start chatting to realtors...So the options i have been thinking of are;Buy and live in current house, and hold for a few yrs (land value went up $75k last year and will be continuing at that pace for the next 2 yrs at least)Buy, live in house, complete the subdivision for about $45k and sell off the lot for about $300kWhat other options could I look into?

I suspect the road could be private but there is probably and easement for ingress and egress for the owners.. but just guessing like I said I cant see a modern city recording the plat knowing that there is no deed right of way.. the people that own the homes could not get title insurance.. they would be land locked and right  of way would be excluded.I am doing an easement by necessity right now in Oregon.. thank god title co.. missed it and they either need to get it for me or pay me the 700k my land is worth LOL.. we learned through the process even though we have been crossing state lands  50 feet to get to the public right of way  for 50 plus years. there is no prescriptive right in Oregon or any other right to cross that land.. only way title co is going to get me a right of way is to buy it from the neighbor who to date has been less than willing.. even though all I need is 50 feet by 20 feet of their cherry stem driveway there home is 600 feet back .. but you know neighbors really friendly until you need something  LOL.. then they are out for blood .. not all but these folks are .

The property is really tricky because it's the only mid century modern that's been renovated in a huge area, and the other properties in the neighborhood are about 3 times the size.

There are also some great, newer neighborhoods that offer modern floorplans and updated finishes.

This year the unit has cashflowed reasonably well after learning a lot from buying cheap (almost 1/2 price what the seller paid) but paying a lot to renovate and modernize the interior.Was also able to successfully appeal the tax burden down some 20% after going to court over the issue.Look forward to hearing your insight about property management!

Our business goal is to build new modern (contemporary) homes for the middle/lower class.

Saves energy costs, looks modern, and don’t have to worry about replacing them for a long time.

Even a modern baseboard detail that I have done on million dollar homes that I have designed.

From there, we can use the benchmarks in my previous post to ensure the area fits our needs.