And too, think of it from this perspective....if you are looking to earn interest on your money then tax liens is the way to go.

The best lawsuit from my perspective is never filed at least not against me or any entity we control. 

Thanks @Lee Smith and @Steve Babiak for the good perspective.

Awesome perspective @Russell Brazil.

For the "Independent Study" course I am currently enrolled in, I'm evaluating a large acreage property from the perspective of an investor (assessing possible income-generating activities, determining development opportunities, constructing pro forma's for each scenario, etc.) with the help of the property's brokerage firm, my professor, and a few external sources who were kind enough to help out.Some information about me: From Georgetown, TexasGraduated from Texas Tech University with degrees in management and marketingI enjoy flying, and I've been a pilot for about 5 yearsI'm an avid outdoorsmanI plan on becoming an accredited land consultant at some point in the futureI'm open to any and all suggestions/advice/information from the BP community and I look forward to hearing your thoughts!  

@Marcus James - I am going to approach this from a slightly different perspective.

Most of the California markets don't make sense today from an investment perspective.

My current perspective.

While we like the area (from the perspective of homeowners), I want to make sure I'd have some reasonable ability to sell or rent the property within the next couple of years.I'm a large commerical general contractor (Clark Construction), but I'm only recently educating myself on real estate investment.

He gave me his revisions...I handed him a fresh copy of my lease and said here you go.