Yes, that makes sense.

There are raw landing investing courses and groups available filled with practical information from people who are making miloneyninvesting in raw land.

We have discussed forming an LLC to make such an investment together (e.g., we, as an LLC, would be one of several investors in the syndication). 

You'll want to have a lease agreement in place, which makes it different than STR, but you should be able to get 3-6 month rental agreements in place.

Make sure on the second home to.1 - Good neighborhood. 2- Three bedrooms, Two bathrooms  or larger. 3- Possible chance to ad on a extra room,,@ where patio is, or back of house?

Thanks for the info about mdlandrec, I'll make sure to check that out as well.

I and another investor bought 2 properties on the same block and started making them cute, then the neighbors came down and thanked us for making the neighborhood better....the whole block started to take better care of their properties.. 

The more experience you get, the better terms you are able to obtain, and the process is often easier and faster. 

Easiest way is making sure everyone on your team is on the same page.

If you want to point the finger, we can blame the Fed for holding rates low for so long, and the govt for printing 5 T, making money real cheap and allowing these NY investors to over pay on the real estate.I guess you have to wait until the banks take these assets back.