There is a statute that governs the exercise of fiduciary powers of corporate trustees (other than banks) that you have to follow to give the LLC trustee powers so to speak.

I have around 70k to get started with and a government pension to live off. 

However, it can be at times a bit hard as the low-hanging fruit is gone and there's a lot of eyes (including institutional money) on the sector.  

Hi Michelle ,Another chicagoland wholesaler here....consider building out your own list by driving for dollars or getting government lists.

The Assessments levied by the Association shall be used exclusively for payment of Common Expenses including, without limitation (i) the upkeep, maintenance and improvement of the Common Areas and other maintenance obligations set forth in Sections 10.1 and 10.3 below; (ii) maintenance, repair, replacement, and operation of rights-of-way and easements within or immediately adjacent to the Project (e.g. landscaping and sidewalks within the right-of-way of adjoining streets) to the extent that such actions are required by government entities or deemed appropriate by the Board, (iii) promoting the recreation, health, safety and welfare of the Owners and other lawful occupants of Lots within the Property, (iv) payment of property taxes for the Common Area; (v) insurance premiums; (vi) legal and accounting fees; (vii) management fees; (viii) charges for utilities and other services provided to the Common Area by the Association, if any, and for all utility charges paid or incurred by the City and reimbursed by the Association for street lights in the Common Area; (ix) costs to maintain the entrance features, including any electricity, landscaping and irrigation expenses associated therewith; (x) the performance and exercise by the Association of its rights, duties and obligations under the Project Documents, and (xi) maintaining any Stormwater Control Facilities located on portions of Common Areas to the standard required by the governmental entity or agency having jurisdiction over such areas.

Quote from @Dennis Gallof: You can always count on government programs to increase costs, increase time required, increase headaches, and typically fail to meet any stated goals.

And the government will recapture 25% of those tax deductions I took over 18 years which is way more than if I cash out my stocks or accept dividens.

My strategy would be to protect the money optimally from the government and from other potential filters and to optimize my time to do what I enjoy doing instead of worrying about real estate ventures. 

In my experience you won't be able to get approval from the governing jurisdiction unless you are the property owner or have the permission of the property owner to file and get a preliminary plat approved.

The government has a program in place that covers 70% of the housing costs for approved migrants, leaving the migrants to cover the remaining 30%.