Also, you could consider buying something with "hard money"; this comes at a higher interest rate, but you might be able to get into a property and either flip it or refinance it.

It's an estimated cash on cash return given current rental rates subtract expenses assuming 7% interest rate, 10% management fee, 5% repairs, 5% capex and other expenses like mortgage, insurance, tax. it's a estimate to tell you what properties to analyze vs ignoreyou can see the are pockets of negative returns as well as pockets of positive return. this is to supplement the data @Devin Conley provided

You can't beat the price, either, or the interest rate on deposits.

Do you think this strategy gains strength if lets say... in five years interest rates are at 5.5 vs 7.5 now?  

For any of these real estate funds that have guaranteed rates of returns for set periods I would want to understand how my investment is secured.

A 4 bedroom would have you competing with larger condos or townhouses with pools, a much lower rate of return. 

FInd a good old school General Contractor and forget these engineers.

What cap rate is the selling asking?

* Does it significantly affect rental demand, vacancy rates, or rents?

Should I price the land 2 times above market value and offer a low interest rateORPrice the land at current market and use a very high rate?