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Established subdivision present fewer difficulties but are generally less rewarding. Although much of the legwork may already have been done for you, most of the benefits to be reaped in that geographical vicinity may already have been harvested. If you do choose a modest parcel to test the waters, make sure that the lot isn't too small. By this I mean avoid lots that are unbuildable because of size, shape, or the inherent impossibility of conforming to setback and or road frontage...