The value around $20k according to the local tax office.

Attend a local meetup that attracts different investors.

If you want to stay local, then your return probably is good. 

Anyone with local knowledge of subdividing properties who might be willing to share some advice?  

Being a local company, providing quality housing and great service is very important to us. 

@Jacqueline Lee, I highly recommend you find a local REIA group to you.  

Reduced down payments are possible for multifamily buildings using financing options such as FHA loans, which are less expensive than traditional loans.Find local programs that can help with a down payment, look up programs in your region, get in touch with lenders or mortgage brokers in your area, and fulfill the eligibility requirements by attending homebuyer education workshops.

Also this is a virtual deal, so going to a local REI meeting is out of the picture

If the location fits your lifestyle you will find someone to help you invest either local to where you move or not. 

As a local investor in San Diego myself who used to invest in the Midwest...the low prices can be very enticing but make sure you really know the market first and what you are getting into before pulling the trigger...when you are out of state you are at a disadvantage as properties can differ quite heavily from block to block.