I plan to sale the lots that way.

Personally I like to do things the "right way" and if you plan is to grow you may be better off hiring it out. 

If you're planning on investing out of your area and will not be managing the property, why don't you look at better markets.  

I would say sec8 is the pinnacle of requiring great management, systems, planning and methodology. 

For example, if you're planning a kitchen remodel, get multiple quotes to ensure you have a solid grasp of what it will actually cost.3.

Building a strong financial plan, researching markets, assembling a reliable team, and having an exit strategy are essential steps to success.Good luck!

So I’m trying to come up with a game plan  Conventional loans do require 25% down on an investment property.

So - somewhere 2 hours away, or somewhere you like to vacation in, or where all your family lives, or where you plan to move someday.Too many people are trying to do exactly what you're doing - pick a market based on a formula - and they end up buying a random 'cheap' property thousands of miles away, turn it over to people they've never met or even spoken to, and then... lose money.  

IF you plan on going back someday, and this is the home you want to move back to, then renting it would be a good idea as long as you estimate that it will cover itself, or preferably, cash flow, which it appears that yours will at @ $2K or so per month (after expenses). 

Could you do a cash out refinance of that property and rent it as well, or are you planning on selling?