This will hopefully allow us to shift income to an entity taxed at a lower rate by owning both LLC's and charging the major income business a healthy fair market rent.

Just do a little something each year to create a healthy norm and allow people to re-introduce themselves.

And, for goodness sake, maintain healthy reserves.Best to you.

There are a number of variables, such as soil type, compaction, and foundation type of the structure that have to be accounted for.

However, investing without a healthy cash reserve is way too risky.

Jonathan look up the taxes and divide by 12 to get monthly tax costs.Look for the HOA docs to see if there is an assessment and how much.Usually if you find a listing on MLS in that subdivision there will be some houses and it will list association dues monthly or yearly.For instance if taxes are 1,000 and HOA 1,500 then you have about 208.33 a month in costs.If you buy for 4,000 and hold for 2 years you have to get at least 9,000 in 2 years time to break even and even more with closing costs etc.That money will be dead not generating a return for you.You also need to know the soil sample and build ability of the lot.This will be a factor from who buys from you if they want to build a house.On the MLS you can see what developed lots are selling for.Is this lot developed and cleared with pipes sticking out of the ground or does it still have all the trees and uncleared and ungraded in it's natural state??

LOLWork on your first one and get that down pat.Yes over time you can minimize costs and pump up the profit numbers each year over the 50% guideline.When you go to sell the new buyer will be looking at a lot of deferred issues resulting in a lower price.The bathrooms and kitchens and mechanicals will need replacing at various times.I see this all the time where apartment owners show healthy returns over the years but when I look at it I can see huge costs in needed repairs going in.These repairs if you tell yourself are not a big deal will take away every ounce of future cash flow for years from your projections.

What is the soil like where you are (what area) and was this a backfill with what?

And there goes the mentality of the true belivers again, blame the President when he didn't protect Americans overseas.....well, let's put the other showe on, the last Republican President couldn't even protect thousands of Americans on our own soil!

You also could look at new construction is there is a healthy market (Boise?).