Not enough people to generate the demand to sell enough houses for that size property and not enough people for a factory or something to come to because they wouldn't be able to get enough employees from the surrounding areas.Is that a good hunting area?

Of course hoarder houses and rentals that have been abused or burnt out landlord syndrome this happens every day in every market.

Reno and house appreciated quite significantly 400k to 550k estimated. 

If you can get hold of a reliable and honest builder, you will be fine (that does not mean you will not go over budget).Low CapEx, Little Hassle, Quality Tenant, You can manage new construction out of state for the first 5-years, Tenant May Stay longer (because is a brand new house) are few benefits of new construction.You may not be able to get close to the 1% rule though.Goodluck

List the property on MLS or with a trusted real estate agent, and market aggressively through social media, local advertising, and open houses to generate interest.

For those who are unfamiliar, PadSplit is an affordable housing tech startup that provides a house-sharing service for working people.

It is the state capital with lots of economic development driving job growth and demand for housing with a lower cost of living to keep maintenance costs down.To Your Success!

Acquired a double lot for $112k after resolving title issues and paid $360k for construction, creating a 6-bed, 5-bath house designed for co-living or multi-gen use.

If I buy a house for $400k, and the market drops and the house is now worth $300k, I am under water.

Why can't you build residential housing on this parcel?