For this project, that would mean targeting land in the $1.5 million range.

So how are you identifying the target acquisition you make then?

Foreigners aren't specifically targeted.

If someone is looking for candidates to sue, having the appearance of wealth can make you a target.  

Target neighborhoods near Bradley University, research rents, join real estate investment groups, connect with local agents, use the 1% rule, prepare for financing, and seek advice on cash flow and property analysis.Good luck!

There are good people who, if they could, would choose to live in Class B neighborhoods, but they can only afford class C....that is your target resident.  

For example, if a home's ARV is $100k and repairs cost $15k your target purchase price would be $55k. 

The easiest way to get started is to come up with a target and work backwards from there.

also what is your targeted per unit return?

I've built several homes in the area and stopped targeting that zip code entirely several years ago.