In essence, the holding company will own Single Member LLC's underneath that own individual properties.

WIND  TAXs  and soil issues.. not to mention the tenant risk which is just part of landlording.

If this requires septic (vs sewer) then there are other considerations also, such as minimum acreage required for septic/well (usually one acre per lot), which areas could the septic be placed (usually needs to be placed in areas of undisturbed soil, meaning wooded areas are off limits, even if cleared), soil quality to pass for septic, location/topography relative to road given grading of land, frontage required for each parcel, turn radius for ingress/egress which may limit developable area, driveway relationships to neighboring roads/intersections, etc.

The land is mostly cleared, has three ponds, approximately 5 acres are hay, and is a mix of red clay and dark soil.

Louis County you can expect a mound septic system (mounds are required) to be about $20k for a 3 bed house (just did one last month) and a well to be at least $10k depending on how deep you need to go, soil types, etc.

And then underneath it, it can have as many child DST's as it wants.

Work includes:- Obtain necessary permits- Remove concrete where needed for excavation- Excavate along the basement foundation wall and haul away soil- Remove the existing drain tile line and downspout line- Once the foundation wall has been exposed, cement parging will be used on any areas of foundation where the block isexposed.

With a niche, both custom and prefab, the framing behind the alcove and underneath the CBU has to be right.

You need to figure out where the water is coming from (no gutters on roof, saturated soil, lot runoff, etc) and address that first.

These are usually small 3/2 houses (1300 square feet heated or less) and the soil is sandy.I called a septic company but they said they would need to come out and see the house to give an estimate, but I am really just looking for a rough way to estimate this when deciding to make an offer or not.