, and get plans approved they will have an incredible asset worth way more than $32k at least in the current market.And the only one that I think could have been built on without much hassle was a 4.5 acre plot partially in a flood plain, but in a very high demand area with some pretty nice views and right on the edge of town.   

Down votes for posts that are aggravating, inaccurate, hateful, or just plain stupid.But really, I don't pay a whole lot of attention to votes.

There are things I am not pleased with, that are either sloppy, or just plain NOT what I asked for.

Within months the One6Companies website closed, as did the supposed escrow company.We were sick for 2 years.

I'm looking to stay out of the flood plain as well.

Getting a crappy health insurance plan, or underpaying your income taxes, to increase your "net" income on each pay-check isn't actually a pay raise, since when you get sick now your deductible just tripled, and your April income tax bill went up as well!

That's five houses on 200 to 500k lots  LOL.. houses went away and we build new construction or sold lots.. its quite sad but all were owner occs none were tenants.. usually tenants get booted before they can get as bad as these homes were.. these homes were beyond salvage plain and simple.

A lot of guys just suck, plain and simple. 

If you are set on doing this, then you should consult a lawyer to draw up a contract detailing all the possible issues (death, sickness, divorce, etc) and everyone's idea on how to handle it. 

Money is the key plain and simple.