Ironically, I've been developing my interest in real estate because I'm having a lousy experience right now.

CL was developed for local use and users/staff take that seriously.

It is meant for situations exactly like this.

Finally I learned more about it and realized that it's just a lack of education.So to answer your question, if you are in an area that really doesn't allow for cash flow, my assumption is usually one of two things: 1. the owner bought the property decades ago when it was cheaper (whether they meant to or not or even knew what they were doing), or 2. they are losing money at a decent speed.Although, with all of that said, the 1 and 2% rules are much harder to come by these days than they were even 2 or so years ago. 2% is pretty much out of the question unless you buy in the ghetto, but 1% is still decently doable in a lot of markets.

His original plan was to develop the other 8 or so acres, but is getting older now and doesn't want to put in the effort of developing the properties.

His original plan was to develop the other 8 or so acres, but is getting older now and doesn't want to put in the effort of developing the properties.

His original plan was to develop the other 8 or so acres, but is getting older now and doesn't want to put in the effort of developing the properties.

My apologies if what I said came on stronger than I meant it to.  

We had 5 weeks to do the job, and wowed the developers. 

The local REIAs and meetups really help develop relationships that can benefit you over time.