Thanks @Henry Lazerow, that is basically what we do in the city. 

I checked the city's website and the plots fall into their "Low Density Neighborhood" district.

I’m a New York City native, but purchasing any type of real estate in this area is not realistic for me. 

We built a single family home version of a 2 bed 1 bath with surface parking at cost with no profit all in with land for 175k in newark ohio, a suburb of columbus ohio. when we push that to 3 units and closer to the city for our build to rent model the numbers go way better. a 30k slab for a single family home is 30k, a 30k slab for a triplex is 10k a door. we designed a 2 bed 1 bath design at 668 sq ft and it's very good layout even I would live there, but I would never build anything that small again. there's no economies of scale. you need density and shared lines, resources, shared roof shared slab, shared windows, etc the cost goes way down.

Just thank your deity that you don’t live in a rent controlled city/state.

The investment city determines rent growth rate, appreciation, and income longevity.What determines rent growth?

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

As a result, her and I were able to buy our very first investment home back in 2006 from the brotherly love city of Philly which is where I also met my husband. 

Leverage Local ResourcesEconomic Development Grants: Check with your city or county for grants or incentives aimed at affordable housing or community improvement projects.Local Banks or Credit Unions: They may be more flexible than larger financial institutions, especially if your project aligns with community needs.Partnership with Nonprofits: Collaborate with organizations interested in affordable housing or sustainable living.4.

Purchase price: $171,000 Cash invested: $29,000 Small 600 square foot cabin tucked away just outside of the quaint city of Ellijay GA.