Peanut butter dries up, the popcorn just gets stale, but still attracts them.

I think many will say "absolutely" but I don't believe it's that cut and dry.

My dad has a small piece of land near Medina lake in Texas (currently all dried up).Thinking of the following, only using about $35k of my own cash.1.

Even though we don't plan to develop yet, want to do while the area is dry, not in a rush competing with Mother nature and can get free or cheap dirt from some construction sites who are moving compaction dirt off other sites nearby. 

Title is not always cut and dry, what one title company will let slide another may not.

One challenge was repairing joist in the sub floor that were rotted from long term water damage.

Typically you would go through and fix any framing or rot. 

@Zulf H. the others have pretty much covered the different ways to find listings, but you are right, it's dry right now.

Fiberglass roof deck is underway and the roof is dried in.

Different world now, this type of market shift can easily result in 10-20 years to recover when something gets that out of whack, sort of like the oil well running dry in a Barron Texas town, everyone picks up and moves and never comes back.