Normally calculating annualized returns is very simple: sum all of the profits and divide by principal and by holding period.

The neighborhood is quiet and charming and I assume the investor wanting to buy the vacant lot will most likely either hold for a while or build on it soon.

If you are doing it with dump trucks or vans that hold all your electrician gear then that is easy to prove.

Warranty deeds are commonly used in traditional real estate transactions.

I recommend talking with a hard money lender to see what you can qualify for and be able to use those number for your holding costs.

These loans often have more lenient qualification requirements compared to traditional mortgages.Opportunity for Renovation: Many HUD properties are sold in "as-is" condition, providing buyers with the opportunity to renovate and customize the property to their preferences.

Think about buying and holding, wholesaling, or fix-and-flip strategies.

In California you can hold a loan originator endorsement under the DRE.

I am planning to hold the property for next 10 years and I am looking for future appreciation and future low mortgage rate to earn money on this.

Though, this process will be the same for the other state (if you created a CA LLC you may need to register it as a foreign LLC in the state in which you are doing business/holding property).