Did a lot of research and actually developed a couple web scrapers with the goal of finding under-valued military properties.Never amounted to much as we don't have teams or a presence near any bases.

The point is: prime real estate of quality construction, with updates, utility, development potential, strong income or optimal location are likely undervalued assets in 2026 and beyond.

In a nutshell, IL (where I live) too expensive of a market, but WI, MI, OH etc seems like you’d get more bang for your buck. also,  you can look at a City’s  consolidation plan and what their plans are for development to get a good forecasting of housing booms.

For my part, I tried development, and while I did make some money, I realized I’m an INVESTOR, not a developer (you’re BOTH).  

Lots of building code requirements that won’t be inexpensive to develop this into an ADU.4 Secure the proper permits and all required inspectionsAside from zoning and building code issues, the question should be what the cost is and what will it rent for and how long to recoup your money.

City of LA's development standards are very nuanced, so you'd have to check with an entitlement consultant or architect.

Partnership taxation especially is not a DIY task. 

It’s still affordable with properties in the $120–180k range that hit the 1% rule and cash flow from day one, and the appreciation potential is strong because of all the development happening.

For a bit of context, I’m a Los Angeles–based agent and investor, and I also work on small development and value-add projects locally.

No first timers, hobbyists, or anyone we haven’t gotten to know and developed a relationship with.