I'm realizing from reading posts at BP, that I have a lot to learn, despite my current holdings and experience.

Hey Guys I have a creative deal I put together and the financing for it is going to have to be just as creative.I am buying two properties next door to each other and subdividing portions of the very large backyards to create a 3rd lot to sell for the profit (see pic.)Both home are in good condition and upgraded (minimal oppotunity to add value.)

Read Brandon Turner's book on Rental Property Investing https://www.biggerpockets.com/store/rental-investing-physicalListening to the BP Real Estate podcast https://www.biggerpockets.com/podcastListening to the BP money podcast https://www.biggerpockets.com/moneyshowAttend your local REIA meetings to networkStart analyzing deals (and I mean a lot!) to

I am curious how to go about building a cheap home on the lot to add to my portfolio and increase my monthly cash flow. 

I can buy the lot to complete the full square for 100,000K which will give me a complete 2 acres and 48 Units tops.

We had to do a lot to the first house. 

Got a lot to sink my teeth into right now.

We also bought a lot to build #5 later this year.Avery Carl is an agent and works the area; she is here on BP.

Thank you for all your advice guys, I do have a lot to consider that I hadn't before.  

Yes, there may be the occasional idiot that is a millionaire in Wisconsin, but that's generally someone who won the lotto or inherited their wealth and they are the exception and not the rule.