We've been utilizing biggerpockets' tools and have built our own excel spreadsheet to quickly analyze data-dump from mls reports. 

If you can find good deal, that would be awesome.Why would the seller give you a good deal, instead of selling to his or her relatives or friends?

I see an opportunity to buy land which is relatively inexpensive in the big city markets, build something and make a fairly good profit margin (30% to 50% if not more than I put into it).

You can only write off for the property you already have attained and are driving back and forth for maintenance and other property related issues.

Anything real estate related?

We don't get allot of data on the near misses.ThanksKirk

You might just realize how relatively “cheap” things are here.The Property I have is a 12917 sq ft (1200 sqm) 99x142 ft (30x40m) undeveloped land in a medium prime residential area.

I am considering a business idea that includes buying real estate around my area and converting them to rent-able offices and/or data centers for leasing out computing power. 

I think the other factor is relative cheap entry level for home owners or investors.

Part of this is also seeing plenty of data in sold comps since I opened this HELOC verifying that the actual value of my house has gone up a solid amount as well, so hence the extra motivation.