basically if anyone has any tips when it comes to researching plots of land in order to make the right purchase i would greatly appreciate it get with a realtor. we underwrite land at no more than 10% of after built value. in our market we build under the average new build value which is about 515k. we like to be around 420-450k and smaller footprint about 1500 sq ft with attached garages. we build close to urban core where everyone wants to live and net migrations match up. but suburban is fine. if you give more context I can help but in most markets land is a buyers market. most people aren't looking at it or buying it. 

We are planning to purchase a home and convert it into a community living space for people in recovery.

House care, lawn care, condition of cars, street conditions, absence of pay-day loan shops... basically all the things you look for when determining where to live yourself. 

I closed on one in SC last month and just completed this future booking conversion process.Firstly, I would like to double down on everything Andrew Steffens mentioned 1000%.

if you buy it yourself and turn it into a live in flip and absolutely crush it, great! 

Buy in an area you want to live and renting to the people you want to rent to.

They're investing tons of money into those areas, and attracting a lot of good renters who work in the medical profession and will pay good rents to live close to their jobs. 

I live in Stamford, Ct and Fort Lauderdale, Fl.

If you are buying to live in, you could also do FHA with a cosigner.

The answer is yes, but it is generally found when the owner is also living in at least one unit (aka "House Hacking").