I just try to buy properties where the land value alone is significant or speculatively will be.

Though that's all pure speculation on my end.

Quote from @Leo Ray:Yeah, I agree it's possible to make reasonably accurate appreciation projections (though, even experts get it wrong)...either way, the bigger the speculation, the bigger the person's net worth needs to be to absorb the hit if the speculation is inaccurate.Warren Buffet can afford some speculative plays...most of us are not Warren Buffet.I agree this is not for everyone.

@John Clark and yet you are the one insulting and speculating.

This is complete speculation and you might be #1 on the list for all I know! 

Originally posted by @Matthew Paul:@David Des  Deposits in Maryland  33% at contract signing , 33% when work starts ( that can be parerwork ) the final third can be in draws .   5 day right of recision , 10 day if the customer is over 70 , if I remember correctly ( they just changed it ) .David , I cant answer questions about a property that doesnt exist , its pure speculation . 

And there are good deals and bad deals today.If you have sound buying fundamentals, -- buy at a wholesale price-- never speculate-- create appreciation through value-add improvements-- buy for cash flow-- obtain favorable financing terms-- stick to workforce housing areas-- don't skimp on due diligence-- stress your underwriting-- have multiple exit strategies...If you think you're limited on deals & capital.. you will be.. regardless of what's happening in the marketplace.If you think there are great deals & lots of money out there.. that's what you'll find.. regardless of what's happening in the marketplace.Scarcity mindset tells people to "wait & see" & "play it safe".What does that even mean??

A lien is a lien is a lien; as to the first part of your question only.What would be invalid about it, other than your speculation?

Good luck with the speculation. 

Reno could be a great market currently for the speculative investing.