We’ve had kidnappings, stabbings, shootings, lawsuits, sewer line backups and collapses (so gross), natural disasters, illegal gambling rings, animal abuse, unexpected capex to the tune of $50k, scammer tenants, methhead liars, religious cults, etc.

Now, I don't know how they would enforce that but I am not trying to gamble with it either. 

I have reached out to several builders but if anybody has had a good direct experience with somebody and can recommend them that would be great.A couple I have spoken to:Ma Williams - seems like a great company, but they don't have contractors in the area so on top of the unit cost there will be connection fees, finish work, and a lot more to gamble on.

If there are fences, trees, retaining walls, exterior paint, landscaping items, gutters and downspouts etc, you can either gamble that you won't need to touch them, or will be out of pocket for them when it arises.To be clear, this is not to say all turn key operators charge below market management, or under reserve in their projections, but if you only look at one operator it is hard to know what questions to ask.  

There's nothing necessarily wrong with that scenario, but buying land and banking on appreciation is gambling. 

That is gambling so be cautious.

Or you can just put all All of the income from the property back into the line of credit for payment .This is tricky because they're really not any terms for us to look at numbers Etc to tell you and say hey this is going to be tricky this is going to be easy and this one's a Gamble.

At that point, your gambling, not investing.

But that is more of a gamble than buying a property with proven (or near-it) rents. 

2% is toast until market corrects, but you could bet(gamble) on appreciation to fill the gap, but don't do that!