The land owned by somebody else was not tax delinquent and was not part of the tax sale.Saw at one tax sale that a young couple bought a 1 acre suburban tract of "vacant" land and even got their pictures and a story on the front page of the newspaper. 

In my mind every one of the HIGH WAGE earner younger guys 30ish should be buying a tract for their retirement..

The one issue with this program is depending on the census tract there are income limits to qualify.  

(Picture a standard 1950s-1980s tract house, 2 to 3 bedrooms, roughly 1000-1500 square feet, and a gas furnace... that house would have probably been born with a 100 amp service.) 

interesting I appreciate it.this first one we wanted to do with very little leverage I don't have much of a problem with leverage but before I use it I want to build a stable rock first so that raising a family is as least stressful as possible so I wanted the first property that we live in and househack to be nearly payed off or completly payed off. however after this we will most certainly be using leverage. but between my lack of experiance and not knowing how much I would even enjoy managing my own propertys. and just the unknowns of employment and realestate especially being fresh out of college like being laid off or even how to do alot of the lead generation for tenants I would perfer to have a buffer against that before we go all out with leverage. that way if I stumble we can keep moving forward and a mere stumble doesn't stop us in our tracts

There are a few low-income census tracts which have no income restriction.Long story short, at the very least you could do 5% down and possibly less depending on your circumstances.

I am considering getting a personal loan and consolidating them that will take them out of judgment and put my credit back on tract.

This is the only development in that general area that I am aware of.http://www.columbusunderground.com/new-metro-park-mixed-use-development-planned-for-huge-tract-of-former-quarry-land-bw1Take care-David

It's availability and income requirements depend on the census tract but you can check the address herehttp://www.freddiemac.com/homepossible/eligibility...

New buyer can and does have the ability to rezone residential and one of the 3 tracts can be zoned Commercial/Mixed Use.