re: Buying investment properties...

I did the opposite a few years ago on some property on the lake , bought a old peoples trailer park up and then cleared everybody out over 3-4 years and the subdivided it out in lot for sale only have one lot left now and I have it priced high. Whatever the land is you want to make the highest and best use for it. Is there anything else but trailer parks you can put there? Or you just looking for cash flow if so build out storage units and leave space for people to park stuff, very good cash flow.

I'd be reluctant if I were you to develop anything that one day can't be bought to go with a bigger piece if a development, you don't manage it right and you are left with a pile of shite. It all depends I guess in how cheap you get in though.