Cost for the property associated with developing the land before construction will vary based on grading, sewer, electrical, roads, surveying depending on the location of the land, soil testing, etc...

We do mobile home parks so we typically are not looking for one person to do a general inspection but we hire a plumber to come out check water/sewer/gas lines for a professional opinion , same with electric , or if there is roads that look kind of questionable, we will ask a paving /concrete contractor to look at it.  

I changed a water heater, huge leak in one of the units, electrical issues, and I even had to dig a 3 foot hole under the house and personally fix a pipe.

Assuming gas is $100 and electric is $50 a month.

Too many out there have investor bug and pay almost retail.

Paid $96k for a 2 Bedroom, 1 bath HUD home in downtown Windsor, CO in Nov. 20133.5% down, FHA with escrow account - we had 30 days to paint exterior, get water, gas, electric turned on.

With the exception of some electrical and plumbing (as listed on the property report), the house could be moved into.

From here on in they are and always will be palmetto bugs.

Unknown: Plumbing unknown and electrical wiring currently unknown but could get electricity turned on to find out.ARV: $110kRental Income: $975Estimated Monthly Expenses:Debt Service: $274Taxes: $174Maint/repairs/CapEx: $165Vacancy: $110Insurance: $32Property Management: $110Total Cost: $865 per monthMonthly Cash Flow: $110I pasted the inspection report from HUD below.

Those which are eligible for these programs are vacant/abandoned, vandalized (stripped of mechanicals, plumbing, electric) and are in need of more repairs than they are worth if someone were to buy them from the owner due to the amount of back taxes due.