That is why most brokerages advise their agents pretty broadly to disclaim often and not partake in any activity that could be construed as giving legal advice or the unauthorized practice of law.Despite this we all know that it goes on fairly frequently.

You should consult an attorney who will advise you on the appropriate action.

The president of my local REIA advised newbie note investors to read Invest in Debt by Jim Napier.

If that is the case, it is prudent to use a Realtor from that area who can advise you about the best areas and ultimately the best ROI.

Normally I would not advise this, but I'm not fully aware of your business organization or the businesses you are running.

But, if you've never done it before, I would advise you to work with a realtor the first time around.

Your helpful advise on this subject will also be appreciated.

Jonathan look up the taxes and divide by 12 to get monthly tax costs.Look for the HOA docs to see if there is an assessment and how much.Usually if you find a listing on MLS in that subdivision there will be some houses and it will list association dues monthly or yearly.For instance if taxes are 1,000 and HOA 1,500 then you have about 208.33 a month in costs.If you buy for 4,000 and hold for 2 years you have to get at least 9,000 in 2 years time to break even and even more with closing costs etc.That money will be dead not generating a return for you.You also need to know the soil sample and build ability of the lot.This will be a factor from who buys from you if they want to build a house.On the MLS you can see what developed lots are selling for.Is this lot developed and cleared with pipes sticking out of the ground or does it still have all the trees and uncleared and ungraded in it's natural state??

This enables them to generate as much competition as possible.

I was also advised to treat it like a business.