I spent quite a bit of time in the Jackson area playing MRA, JA and Prep back in the day.

Quote from @Gerald Wallace: I'm playing Devil's advocate and running your numbers through the worst-case scenario.

Right on cue, we see 0 to 1 at play from @Eric Carr.

And the one time we did get sued by a tenant the LLC never  came into play (slip and fall on ice that the tenant won a nice settlement on from our insurance company, insurance company handled it all). 

The smart play would be to build a two story wood frame structure on top of piers or concrete block in most cases. 35 feet is a pretty typical height limit in most neighborhoods, so depending on elevation you SHOULD be able to build two stories on top of the elevated foundation.

But there are other factors at play.

Here are key factors to consider when searching for a reliable broker.A good private money broker plays a pivotal role in facilitating real estate investments, serving as a bridge between investors seeking capital and private lenders willing to finance those investments.

Maybe play dumb a little "I don't know if I'm in the right place..."

The property is a 4-unit building, in a good location for the aforementioned play.

Currently playing with the idea of buying acreage in the west burbs of Chicago and design/ building a duplex and then another and another.