I appreciate the response since this post fell into the wasteland, maybe because it's hard for new investors to look themselves in the mirror.

The response after following up was "Can you try supportnumbers?"

I decided to keep 50 acres to the side for investment purposes and develop roughly 125 acres.

All this fancy mumbo fha guideline gumbo means is that your projected market rents assuming all units, if it were rented Times 75% need to be greater than what your monthly payment is  (PITIA = principal/interest/taxes/insurance/assessments monthly), other wise FHA will not lend at that loan amount so common solutions to this when rents are too low in your local market are to put more money down payment which defeats the whole purpose of low 3.5% down FHA doesnt it?

Make sure to shop around for the best rates and terms.Find the Right TenantsOnce you’ve purchased the property, screen tenants carefully to ensure you find responsible individuals who will pay rent on time and take care of the unit.

Allows you to get out of landlord responsibilities, and keeps a steady check coming in each month like rent does.

Thank you for your response.

I am in the Philadelphia / PA / DE / NJ area but for the purposes of sharing experiences, anywhere is great. 

If there is no HOA because it has been family run, it will be dicey, but generally if it is a private road, all those on the road are collectively responsible for maintenance and improvements.

I would kick the tires because it seems like it could be great.Thank you so much for the response I agree with everything you said here.