You will likely lose more than you will gain through appreciation.

I later learned that it may be possible to split the lot through an SB-9 lot split which may optimize the value creation.I would love to connect with community members who are planning / in the process / or have finished an SB-9 lot split!

Looking for a mentor to help guide me through my journey as a new real estate investor.

I would be more than happy to answer any questions you might have about investing here, and would also go through some of the specifics of our deals.

@Jacob Dominguez So reading through everything you operate out of DFW but the properties are in which markets?

 I want my first proterty to be a investment property to rent out, And I want to do it through a LLC with the small business I own.

You don't need to go through the seller for utility history; not everyone is as geeky as me in keeping detailed invoices on file. 

& noted. it's hard to really see through a passive investor's lens when you're willing, able, and eager to put in the sweat equity!

The short answer is likely yes through what's called the Ellis Act.However, you will have to pay relocation fees.

In Denver and Colorado Springs here, there's a style from the late 50s and early 60s that's great for the house-hack hopeful where when you enter the backdoor you can either turn left/right through a doorway into the kitchen or you go straight down a stairway into the basement.