What the gurus don't tell you is that they are comparing market rents to the GROSS amount of S8 rent on a voucher which INCLUDES LANDORD PAID UTILITIES!

Am I dreaming too big or trying to do too much at one time?

Renting at FMV ensures the property qualifies as an investment while preserving its long-term utility for your portfolio.This post does not create a CPA-Client relationship.

Not a ton of appreciation, but cash flow is steady and easily attainable. 

Did they also do utilities and roads, or was that left for builder? 

We actually get a ton of inquiries for our rentals from people living there because they'd had enough after four months of their twelve month lease.

I saw a ton of this happen on the last downturn.

Would it be wise to buy the land with cash we have or utilize as down payment to avoid PMI?

Hope to see you at one of the meet ups in the area.

The devastated community might take years to recover (or never recover), but your costs will continue (debt service, taxes, insurance, utilities, etc.).Meeting the above financial independence requirements depends on the city where you invest.