Fellow investors,I'm actively searching for residential land in mid-Florida and running into a frustrating pattern: parcels routinely listed at $100K+ per acre in markets where fundamentals support $25k-$35K per acre (itself a significant run-up from the $12–$15K range just five years ago).There are several forces driving this, but I want to focus on one that doesn't get enough attention — broker commission structure.Traditional commissions of 4–6% are calculated on sale price, which creates a misaligned incentive in my view - especially when land is over priced across the board: the broker is financially rewarded for higher prices.  

I would be looking very closely at the second floor ceilings and walls near those windows for any signs of water damage.

Also, if you can you please cite the correct source document and or IRS section that supports the 27 1/2 or the 39 year depreciation length?

Consider a wall-mounted folding table instead of a fixed desk In a ~230 sq ft space, flexibility matters more than furniture count.

Likely has a lot of plaster and lath walls and ceilings, which are much more difficult than sheetrock to tear out, PLUS you have the added benefit of 140 year old dirt/dust/who knows filling the air while tearing out walls/ceilings.

.• Whether the electrical service and panels were upgraded enough to support modern loads.• The condition of sewer lines and lateral connections — many of these buildings still have original infrastructure to the street.• Roof/parapet and tuckpointing cycles, since deferred masonry maintenance can accelerate quickly.• Heating systems (a lot still rely on older boilers that can be efficient but expensive to replace). 

For example, a $500,000 home gaining 4% in value would increase by roughly $20,000 in just one year.Why this matters: Limited housing supply continues to support home values, even as the broader economy slows.What This Means for the Housing MarketSeveral forces are shaping the housing market right now:• The labor market is gradually cooling • Inflation remains a key driver of mortgage rates • Housing inventory remains limited • Long-term price forecasts remain positiveThat combination suggests a market that could move sideways in the short term but remain structurally supported over time.For buyers, the biggest question may not be “Will prices fall?”

Once you're under contract with walls opening up, your margin is already set.

The support is amazing. 

Because they can't see through walls or drill holes and look inside, or crawl in the attic or the crawlspace.