@Kent KettellThe advantage of leverage is that it lets you extend your purchasing power.  

Transactional funding definitely seems like a powerful tool for quick flips.

I mean, if I co-sign, then does it give me any power to sell one of his land there to recoup money and rest goes to him?

On the other hand, if anything unexpected happens, you want someone who is going to watch out for your investment. 

House hacking is a powerful strategy that can put you far ahead financially compared to those buying a primary residence or continuing to rent.

Continue acquiring properties in promising markets to build your portfolio while keeping an eye on interest rates to potentially refinance your high-interest loan for better cash flow.Save capital to maintain liquidity, allowing you to act quickly when market conditions improve or unexpected expenses arise.

You will not have the existing power supply that I assumed.Still I like @Jill F. idea of installing mini-splits.

You can add a vacancy allowance in your calculations when you vet the property but you never know when something unexpected may pop up.

Only you and your agent can make the decision.If you buy it,  count on finding unexpected problems that require fixing, and make sure you have the cash on hand to cover them. 

Only have members on your LLC with good credit 680 and above, you can use a will to plan for unexpected circumstances.