1. you're right in the new ones from developers don't produce any cashflow. you might want to look at the secondary market to get better yields as the properties are already built and can cashflow right away. also easier to see comparable rents in the same development. check bank repos, distressed sellers and the like. you might also want to get a parking slot for added income as they can be leased out separately. it's also quite difficult to sell without one should you decide down the road. developers usually have an in-house leasing team to handle property management which we use for some of our properties.  

Investment Info:

Single-family residence wholesale investment.

Purchase price: $35,000

Sale price: $50,000

Contributors:
Peter Vekselman

Partner Driven, in collaboration with Marina R...

Is the land next to an establish road with utilities?

P.S: All the applicants have good credit scores, 3x income, and no criminal or eviction history.

We already bought 1 next to a lake about 6 months ago in the area of barefoot lake near state road 82. 

The Skeptics Take:As was said many years ago by some old French dude, “the road to hell is paved with good intentions.”True.

And they can not buy a foreclosure for their personal benefit.As to your comment "I'm spending this week learning about foreclosure investing" the first thing to study is RCW 61.34.030 Criminal penalty.make sure you understand what that means.

Essentially, the criminal act of the third party was against you (more so than the tenant), because payment had been delivered to you and thus was "in your possession". 

Do you want thousands of doors or just a few to build a comfortable retirement down the road?

If your lease agreement doesn't prohibit driving too fast in the residential area of the unit, you need to have a landlord attorney in your state look at the lease you're using, because driving too fast in a residential area may be a civil or criminal infraction or may even rise to the level of endangering the lives of others (neighbors).