School has been an issue with my youngest (learning disabilities) She can't quit her job until we replace her yearly income + healthcare (roughly 24K bring home + health) That being said, when you started in real estate investing how soon did you start using the income to live off of?

The strategy can certainly make sense but I'd approach a civil engineer/architect upfront to see what you might be working with.

If you want to move in and dispute it, you will likely have a fight on your hands you may not win.I would want to know who pays for the road when it needs replacement.

Is it my responsibility to replace the in-house dryer that was only there because I owned it and used it when I lived there?

Replace them all and tag the insurance?

That dollar amount is based on specific needs/uses for those dollars, at that specific date".You plan should be based on "reverse engineering " from those goals (financial goals), backwards, defining each prerequisite along the way (also financial, but including strategies to be used, etc...), and developing a list of specific needs, which are based on your needs to fulfill each of the prerequisites (mini goals).  

Make sure when you are insuring your property you are doing so based on the "replacement cost" value and not "market value" (also known as purchase price).

If there is an internal problem like a gas valve, rusted heat riser, bad circulator pump or (gasp) a cracked boiler, you better buckle up.When we have a situation where an owner we represent has to put in major money in repairs or must replace a regular gas boiler, we always examine the possibility of installing electric baseboard heating. 

Last year I spent close to $40K to replace the windows and the siding (I have one year to pay off before getting hit with a big interest rate; planning to do a cash refinance and pay the $40k that way) but now, I've decided to move to TX.

To all you land developers out there, are you able to finance soft costs (civil engineering and architecture)?