@Cameron Porter +95% of the land bank inventory is already picked over by the time it hits the public.The only people we know that have bought ALL went over budget and only the increasing market covered what would have been losses.So, proceed VERY carefully!

He is not my husband, brother or cousin - just a colleague I know who can coach people towards making good investments in Philly. 

I’ve seen folks pick up land in similar setups.. sure, maybe not always in Wyoming, but in pockets around San Antonio where people said, ‘Oh, that’s just dry scrubland,’ adn now those owners are sitting pretty with properties they can eventually develop or flip.

But, the people looking in our neighborhood (about 1.3 mi from our house) are all older.  

My question is, would this be something people are willing to rent?

I think renting out a single family can be a viable option for some people as long as they understand it's not going to cashflow like a multi. 

The creative people will always find a way.

.: Whats the process to put these people in collections ?

You'll get people spewing gospel that have never done a deal. 

People think it's so easy to just find a deal that when improved, is going to give you a 25% equity position so you can get all your money back when you refi.