I personally like Alabama and Tennessee a lot, depending on what specific area you're looking at.Look for Class B or C properties in stable rental markets, particularly single-family homes or duplexes.

Focus on smaller single-family homes, condos with low HOA fees, or multi-family properties in these regions, and build a reliable local team of agents, property managers, and other professionals to ensure a smooth investing experience.

I was thinking that by giving a single builder rights to build on the land, I would get 1% of each contract price, something along those lines.

I wouldn’t call myself “wealthy” by comparison standards, but I’ve made a lot of progress on net worth over the last 5 years.

Every flipper has found themselves at Lowe's for the fourth time in a single day, picking up yet another piece of material for a project.

If you sell it, you get $250k single / $500k married exemptions from capital gains.Speak with a tax professional about how much you'll save in taxes by doing this. 

For example if a single family home rents for $1700 in your area.

But if you are operating a single unit, realistically how long can you wait for that tenant to be caught up?

However, not one general location is going to help you determine whether it's a good market for multi family or single family etc.The one true way to start looking into a market is talking to an agent who knows the area.

Unfortunately, it cannot be used for a 2-4 family property, only single family properties.