Welcome to BP.Business cards are the most economical form of advertising and they work. 

. - hold the property for longer than 5 years)  If so, the best bet is to pick markets based on the economic viability and possibility of stability (growth preferable) in the job market.  

@Sam Leon IRC 4975 and specificially, sub-section 'disqualified persons', will apply (and should be reviewed) each and every time a new economic transaction takes place.

What I liked about this property aside from the deal economics of the existing home, is there is a very large lot and there is enough room to build another home on the lot and it would fit very naturally with the other houses / neighborhoods.  

This country will suffer economically as more businesses close up rather than risk violating a term of legislation which those who passed it into law did not understand or, in many cases, even read.

Search  "economic benefits" for a better view of RE.Your taxes are more in depth than simple questions, we can't answer those unless you are specific as to the tax code.Yes, paying down principle is shown in the value of your assets, interest is an expense as you pay it. on a cash basis.

The new construction indicates good economic signs but isn't a guarantee because the builder might have misread the market. 

I don't know the market, the city, the current economic drivers of those staying there.

This is the number that maximizes the economics of the facility.

It would be a rare instance that the city would prefer a vacant economically unproductive (low to now property tax) lot in an infill location.However, as the guys above pointed out you need to check with zoning laws to see what you can build "as of right."