Hi Lawrence, Here's my short advice check Due Diligence, Understand Owner Financing Terms, Seek Professional Guidance, Market Research, Financial Analysis, Risk Management, Long-Term Vision.

If so, how was the lot with the house on it impacted in terms of market value? 

If I'm you I would focus on getting a long-term rental property and learn the market that you are investing in.

Cleveland is one of the most popular markets on this forum.

Hi Kimberly, Welcome to the community- There are a lot of good professionals and resources here on bigger pockets to learn and grow.  

Was curious to know, what websites you all use to analyze real estate market trends and themes within specific submarkets.

But currently my goal is only to continue to buy maybe 1-2 off market holding/investment properties a year, so I generally didn't use these services enough to continue the subscription for long.

If you need any further advice or have more questions as you continue to grow your portfolio, feel free to reach out.

Potentially Higher Profits : New homes can often command higher prices, especially if built in desirable locations.In Charlotte, new construction is booming in areas like South End and Ballantyne, while Louisville has growing interest in neighborhoods like Norton Commons.

If rates were to drop, you can now feel confident in selling your home, paying off the HELOC and getting a new downsized home at a lower rate than the current market.