At the end of the day; you need more money to do something like this.MAX LTV on new builds is 80% LTC, Meaning if the build is $550,000 and Land is XAdd ($550,000 + x ) * .8 = LOAN AMOUNTYou would need to come in with MINIMUM 20% of the cost in addition to closing costs and reserves, $80,000 is not going to cut it for this project.

And with an HOA handling maintenance, have you checked their reserves?

That's $400 cash flow per month, which is pretty good.Your first tenant moves in.

Here is a newly created resource on BiggerPockets, which touches out cost segregation, accelerated depreciation, bonus depreciation, depreciation recapture, Real Estate Professional Status (REPS), STR Loophole / STR Strategy, example properties, and more. 

You need to know the appeal laws where you are.

@Kyle LipkoRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

After a rehab budget of $20k, We resold for $355k which was the highest recorded sale in the community EVER!

Hi Leo, its been years since I closed on a HUD property but you close on the property as soon as title is ready like any other property.  

Also di you ever find someone to fund your investment loan on your off grid property? 

I would make sure you speak with a land use attorney on this