Be certain you've fully evaluated your cash flow by doing a cash flow analysis.I leave it to you to confirm you've taken in consideration the following potential costs: CapEx, maintenance, property management, water, sewer, trash, vacancy, turnover, taxes, insurance, etc.

The water fell 3 floors, when I observed the incident my neighbor was attempting the sweep water out the back door.   

Don’t assume that you will have water.

My wife ordered a kid size pool table from China for our STR and they sent ear muffs.

Will bring cash to the table.  

@Marc Robinson what's the lot rent, who pays what utilities and what's the source of the water and sewer?

You have to come to the table (a future deal) with funds to get the ball rolling.

Why not start with a small turnkey rental property and test the water?

You said public water was available...would the lots require a septic system to be installed or is public sewer available? 

I think our cooler climate and fresh water resources are going to attract a lot of population in coming years, especially as CA/FL become impossibly expensive for many people.