I'm familiar with statistics and the issue is that there are never enough in a sample size to pin point a particular property for a valid assumption, every parcel or dirt and every building is unique, something that is difficult to grasp by those who view RE as a widget.

I want to view this from all different perspectives.

Others may have different views based upon their experiences.A knowledgeable CPA will be able to not only provide you with insight on deductions and business structure, but they will also help to educate yourself through conversations and questions.  

Both of the view point are heavily threaded like you said...

They really liked the house but want to have a similar home built on another lot I own in the same community that has better views. 

In fact, I know it can, because my contractor just did a large scale flip himself on the Mountain View / Los Altos border for $250/SF.

To view all of the properties that are up for auction in a weeks time will take me no more than an afternoon once a week to veiw.

I listed it, have had 300+ views, no calls or showings.

Hi Minh,I appreciate your philosophical view on investing.  

They view it as a part-time weekend gig that provides an extra forced savings account for retirement.