And because approval is not required it usually happens the first town meeting and you now have the right to market and sell individual lots.  

They run a customizable fund platform that many fund managers have started using in recent years.I'm not involved in the development space much, but a newer person can generally only offer so much to a more experienced person in this business. 

What i would recommend is joining a REA or other real estate meet-up group where you can connect with other likeminded individuals consistently and share knowledge.

But the rental too does have to meet the "active conduct of a trade or business" threshold, which does mean you wouldn't qualify to use section 179 if you have a rental that is managed entirely by someone else and you aren't at least overseeing it and making decisions about the management of it.I mostly disagree with the reply suggesting that you need to have an LLC to take the section 179 deduction. 

Are you attractive tenants that meet your screening criteria readily and keeping them as long as you budget for (vacancy rate)?

Learn and save for a year before you do anything and meet as many other local investors as you can.

We have a minimum income requirement to qualify for this unit (4 times monthly rent); based on your email, it appears you meet that qualification.

Loan would have to be assumable from the bank and the buyer would need to meet all the requirements previously met by the seller.  

I believe many of the 2nd homes will be too far or too small to meet their perceived needs.  

I suggest having him complete an application to determine if he meets your criteria.