Quote from @Pierre Tran: Hi everyone, first ever post on BiggerPockets!

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 It would help if you shared what you plan to buy them for other than just saying they’re 10 k to 15 K below market.List Price: $55KMy Offer: $45KPlanned Value Add:Install fenceBuild drivewayCreate a mobile home padExit Strategy:Sell via owner financingConsidering the option of adding a mobile home as wellIf you like this post, please consider voting!  

there are so many threads on BP from folks in NYC or CA or DC who bought a property in a "low cost" market and immediately regretted it:https://www.biggerpockets.com/forums/963/topics/1195280-expe...https://www.biggerpockets.com/forums/48/topics/1160450-run-i...https://www.biggerpockets.com/forums/48/topics/1137397-balti...https://www.biggerpockets.com/forums/52/topics/1010977-12-00...i provide this information not to discourage you, but so that you can learn from what they did without making the same mistakes.  

As you gather all this information, I would continue bettering the process and continuing to buy deals.

@tom shallcross summarized this well in another post and just inflate your numbers up for a $665k purchase price and $2300/mo per unit for rent.Borrow 80% which is like $3700/mo for Principal, Interest, Taxes, and Insurance.

Quote from @Ricky Reddin: Hello,This is my first post on the forum and trying to get some guidance on a situation.

I saw this post in my own search for rezoning information in Denver.

Yet, too many of those posting advice for you have no clue on the risks they are advising you to take.You're pinching pennies to save $8k with 3 kids. - What would happen if you lost it all?

Look at recently sold properties in the same neighborhood that match the size, condition, and style your property will have post-rehab.

They post their rooms on the normal hotel, discount site, etc.