@Steven E.Steven,Appraisal is certainly one way to determine the value of each of the 19 lots.However, their true value will ultimately be based on the uses that support their respective values.For example, a home value of $400,000 will most likely support a FINISHED LOT value of $100,000 and a home valued at $800,000 a finished lot value of $200,000.In any case, the permitted (paper value) of your raw lots will be valued at a price that will allow your buyers to pay you for the paper lot plus the cost to improve it and still make a profit on the sale or rental income of the finished house.

I recommend you do some serious research on the various neighborhoods and pricing we have around town.I'd read The Ultimate Guide to Grading Cleveland Neighborhoods as a starting point and then go from there before buying anything.

However, the states will have ultimate say.

Give The Ultimate Guide to Grading Cleveland Neighborhoods a read.

My ultimate goal with Real estate is to set it up as passively as I can to boost my current income or even potentially turn it into my primary source of income.

I understand and read many articles of the pros and cons of partnering with family members and have ultimately determined we will trudge forward while trying to put in as many processes in place to protect our close family bonds while also protecting our investments.

@Mark ToraicJ Scott’s bigger pockets book ultimate guide on rehab costs.

Ultimately, I would like to move out of the evil Northeast, to somewhere warm and friendly, where the residents celebrate July 4th and not April 15th.

While going to the local REI meet-ups and contacting REA or Brokers seems to be the ultimate answers to "How do I start networking?"

Most condo ads are the same everywhere I look which ultimately turns the engagement into a commodity play.