My main investing niche has always been buying County issued property tax liens at public auction.This year I found an awesome property that is on a nearby river that would make an awesome VRBO.

This is great, my business partner and myself are about to buy 60 acres in western NC and working on another 30 acre plot nearby.

If you have a primary home nearby you'd need it to be X miles away from your primary. again, talk to a lender, but getting a second home to use as a STR is a great strategy!

@Mark Adkins I would try to find a suburb or area nearby that makes sense.

You could see if there’s any cheap nearly identical land available nearby as a comp. 

It was a cute downtown house so there were parks and restaurants nearby which were good selling points.Hit me up if you want to flesh out any of your thoughts.

Thus you would also want to avoid living nearby if possible.

PITI is around $1,800 and rent avg of homes with my sq. ft. nearby rent for $2,800.

There are 100 apartments for sale nearby, however the property is poorly maintained, poorly run, and appears to have extremely high turnover.

(Projected Income)Any colleges nearby?