@Josh Mitchell @Jim ThorpeThank you for quick responses guys!

@Jim AdrianI can get estimates from the modular home manufacturer.I'm looking for some idea what to expect "resurrecting" a subdivision that was never completed: complications with the city, dealing with the utilities - electric, gas, telecom, etc., merging new homes with the existing HOA (if any), ...

I had Jim Soletti manage my south Austin rental for ~10 years, and I didn't have to think about it at all except for tax time...they are top-notch and a family business.

Originally posted by @Jim Y.

@Cody MacRae, @Dane Price & @Jim Breedlove, I'd love to send you all the details.Sent you all PM's.

Following is an example on how title to the property is taken assuming the name of IRA ownerâs name is Jim Brown.

Thanks @Gary Harris, @Evan Ventura, @Jim Bowser and @Kuba F.

@Jim Carson Thanks for the insight, I currently have no debt and I've already met with my mortgage broker in getting ready to purchase in 6 months or so, and I won't have a problem because she said she will count 75% of rental income of property I purchase to help keep qualifying. 

@Jim Keith Keep the equity in the property and use the income to save up for the next property.

Hey Charlie-I'm in the same boat- 2nd year student though.There are a few of Charlottesville investors on Bigger Pockets (not nearly as many as a real city, but a few).I'd recommend reaching out to Jim Klapmust, or going to the Charlottesville local real estate meetup.