It depends on your attention span.

Hi Seth, "in Michigan" is a rather broad span of land.  

You'll be surprised by what can be done in such a short span of time. 

Any problems with me listing the property prior to owning it from a tax perspective (especially spanning over 2 calendar years)?  

This is something you should consider anyhow, and can use the long term historical averages (averages spanning multiple RE cycles) as a good guestimate.

I have a tenant who has been there since 2005 over the years rent has doubled but it's always $100 sometimes $200 below market. as market rent increases, her rent increases as well but always lagging the market. what I lost in rent I saved in having no turn over cost, no vacancy cost and most importantly no time spent looking for new tenants and having potentially bad tenants. the risk has been reduced dramatically. under most circumstances over 12 years span, you would have 4 or 5 turn overs I had zero and I am only behind $100, $200 max market rent. which is a better deal?

That's unheard in any three year span much less the first three years of a career.

Is there some industry standard for interest rate or can I just throw it in a savings and they get whatever the bank gives over that time span?

I researched factors such as foundation plumbing utilities etc but I'm wondering if it's worth buying the land and plotting numerous manufactured homes in a 10 year span slowly renting or selling them piece by piece 

Account Closed  too funny and great points.. me my attention span would not allow it..