They cost more for a vacant lot than a developed lot, because the vacant lot was priced based on it's potential...the developed lot was "saddled" with the house and it's value.  

One of the biggest ways to cut down expenses in retirement is to own your home free & clear, I'm not sure if you'd be doing them a favor by saddling them with a rent payment.

What would be their next step to avoid being saddled with a foreclosed home and a possible bad mark on their young credit records?

Done badly, and my looking says there are more bad ones that good ones, you can make a really good profit and saddle the investor with a property that will cost them money whether they keep it or sell it.

Again personal choice but they do harm a good amount of folks by saddling them in CC debt.

Yea glad to see your getting back on the saddle.

Hey BiggerPockets! We meet again! I was previously on here networking when I was a wholesaler in Atlanta...I took some time away to focus on finishing college and now I am a sales agent specializing in rental properti...

I hesitate to jump into the SFR world saddled with 70k worth of student loans, and am already living on a tight budget to pay those loans off. 

The other problem is that when time are bad you're still saddled with your fixed costs. 

It also sounds like insurance won't cover this sort of thing, and since the renters generally won't have any assets anyway the landlord just gets saddles with a 20k+ bill plus lost rent.How do you guys sleep at night?