That could mean different exit strategies and different plans for scaling and growth. 

Just randomly came across this, might be too late @Ronak Patel but if your title and legal description says you own two lots you might NOT need to subdivide it; it's already done for you.ADU you can get it permitted and built quicker, but I don't think it'll add to the exit value as much since most appraisers and market resale is not treating it at the same dollar per sqft as regular SFH (but it's pretty close in some markets I've seen like in Long Beach).4,000sf lot is still manageable.

Pros are that people want to live in it, low maintenance, warranties, no costs to get it rent ready, modern amenities/construction... cons depending on the situation might be that if you need to exit, it could be hard to sell if new ones are still being built and coming onto the market, communities take time to establish, and usually no way to really force appreciation. 

If the numbers work, that's what matters. as for your exit strategy, buy right and selling shouldn't be a problem.

What is the exit strategy after the purchase? 

A house that old likely has at least some asbestos, and things like soil contamination, abandoned septic tanks, unsuitable soil, etc. could all drive costs WAY up.Do you have financing and or an exit strategy for all possible contingencies?

Exited to get to work!

This is where working with the right LO and mapping out your next few moves and knowing your exit strategies, before you even get started, can be absolutely critical to your success.TYFYS and best of luck!

But this is clumsy and expensive if someone wants to enter or exit the investment.

So I learned never have one exit in mind.