Hold long term assuming renting is consistent?

I have the opportunity to buy from a motivated seller. 1 acre with four lots consisting of 3x POHs and 1x TOHs, plus a single detached garage that can be rented out as a mechanic shop.

Tune in to the BiggerPockets Podcast and jump into discussions, connect with everyone and stay consistent on your learning!

FSBO, expired leads, local homeowners)- Nurture your network consistently via phone, email, text, in-person events- Set as many appointments as you can to get in front of people and explain your value proposition... then go back to nurturing the contact until they have a question or need something from you- While doing all of the above, try to avoid/ignore the 'shiny objects' that are sold to agents on a daily basis. 

Structure the entire thing as if you get a pay check every month (from LoC) so its consistent and predictable and let the cashflow from the property pays off the line every month.

You have 2 limiting factors: lack of consistent W-2 income and minimal capital.

The rehab must be certified by the National Park ServiceA “certified rehabilitation” means any rehabilitation of a certified historic structure which the National Park Service has certified to the Internal Revenue Service as being consistent with the historic character of such property or the district in which such property is located.In short: no, it's not as easy as writing off 20% of any rehab that you do on some old building.

However, I think that Kearny / Harrison will see more sustained and consistent rental rate growth.

I know this is BP but if you can run a business that well and grow revenue consistently; I would think about scaling your service biz to provide the freedom you and your spouse desire.   

If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up.