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You could do that or as i said buy something that stacks up now, do it and move ahead. Save the land banking for when you have a bit more under your belt. Buying something with future potential is good but in the short to medium term it wont help you build your portfolio.

Good, but if you do make sure it makes sense today rather than just some time in the future.

I have an ip on an 820 block. Never had trouble renting it but the tenants have always done a poor job of maintaining it imo. Now developing it, cutting the block in half so should be less hassle for 2x sets of tenants.