It usually happens over the decades when a locality upgrades a computer system and/or they change their parcel number scheme and it slips through the cracks so to speak... or on lots that have been held for a very long time, ie pre-computers... there are these 1/8th, quarter or half lots that are basically not "buildable" on their own... they are thought of as attached to the parcel next to it that usually does have a structure of some kind, but they are taxed separately. 

What other opportunities would you be missing out on by committing your funds to this project instead?

I have received great private funding for basically any deal not to exceed 3M.

It was not a perfect deal, but it cash flows well, and allowed me to buy my next multi family deal after the refi, so it worked for me.On my current projects I am rehabbing and value adding two 6 units, when its all said in done, I will have about 110k out of pocket, and will be able to pull out around 130k after leaving 150k equity down in the new loan.

There are basically two ways to make money purchasing an investment property.  

There is huge potential in clearing out the extra land that is currently forest and adding multiple apartment complexes but that isn't a project I feel like I am not ready for.

I have an opportunity to buy a 2/1 renovated property  for 120K with projected rental income around 1250. 

Hi BPer'sI am new REI in Houston TX and I am currently under contract for my first major rehab project. 

I guess I'm not sure what you are projecting?

I have a sub-contractor that will MAKE time for my projects because he knows he can make money and won’t be beat down on everything.