I am considering purchasing empty lots priced roughly $10-15K below market value.My plan is to offer owner financing for the land.These lots have water, drainage, and electric connections available, and mobile homes are permitted.The area is experiencing significant development, with the lots surrounded by new single-family homes.I would really appreciate any advice, feedback, or suggestions.Thank you

The key is to start small, learn as you go, and work your way up!

We have one property managers whose job is to be our eviction Laison across the whole portfolio.

Quote from @Nicolas Tow: I recently purchased a 3,125 square foot empty lot in the 27th ward area of Humboldt Park Chicago and I was wondering how difficult it is to re zone from RS-3 to RS3.5 or RT 4.

I don't have much advice as now the profits are gone and it seems like the best thing to do is to get your money out the deal and move on.  

What is to be expected once I purchase the property?

If you insist on going it alone, my advice is to hire a real estate attorney to draft a lease with all the current legislation. 

Another option is to put an electronic deadbolt on the front door with a non-locking door knob.

However, our goal is to help 100k investors obtain financial freedom - hence the reasons why we provide many videos, podcasts, programs, and services to help with this journey.Unfortunately, we cannot promise that every deal we help you get under contract will close.

Take advantage of its valuable resources to further enhance your knowledge.Remember, the key to maximizing your experience is to be proactive, ask questions, and share your own experiences.