It also makes it extremely difficult to get a loan as the business when you do not own the soil. 

Federal wetlands are evaluated using three criteria- vegetation, soil and hydrology.

Would like to know the lot size , utilities , any soils reports?

Lack of underlying soil conditions like you see in Texas  IE foudations going wonky and requiring on going maintance that can be expensive.5. at that price point you get the best qualified renters not the bottom 1/2 of renter pool you get the top half.5. newer construction  Stucco tile roofs etc   compared to 40 to 100 year old homes in other markets that need greater care to keep functional. 6. ease of getting there direct flights to many places a lot of areas in the mid west you have to connect.. thats an issue at least for me.7. things to do.. 

@Sandy Cassidy The BP calculators while good, are not great.

Sandi,It is counted as debt only because you have not filed a tax return yet to show schedule E income. 

I am looking to purchase a lot on Anderson Island and looking to have a soil test done to see the feasibility of septic on the lot for future use.  

Hey @Sandi L., sounds like you have reached your limit.

@Sandy Metivier I sent you a PM...Have a great day

A note from the investor on Gordon - "knows the soil around each part of town and most respected engineer around"Do you have a GC you use who is skilled at getting properties into rent ready condition?