The first phase or about half the lots will be short term gains with the possibility that the second phase may qualify as long term gains.

Today, I am a licensed Physical Therapist here in Arizona on a temporary work visa (F1 CPT) with hopes of obtaining my H1B lottery selection in the next year or so.

Talk to your insurance provider to see if this qualifies for a claim.

When you find out the present zoning of the property, the future land use and the local agencies comprehensive plan for how they see the area being developed (all can be done at the local planning office) you will have a much better idea of what you have just bought.If the land could in any way be developed into something more than single family residential lots, i.e. if there is any multi-family or commercial component than I would advise you to hire someone qualified to help you with the site planning of the development.

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

The second option is that she go to court, where she will lose, you get a judgment for everything owed including cleaning and repairs, and then you send her to collections where it will prevent her from qualifying for another rental, getting a car loan, etc.

This way we know its a good chance they should qualify before wasting any of our time showing units. 

Quote from @Robert Cucino: Quote from @Tanner Lewis: Those look like pretty solid returns on the surface level, if you decide to go with DSCR, you can qualify the deal with AirDNA projected income even if it is rural. yeah i talked to dcsr lender in area, they do 80 LTV.

These days, I'm only doing 1-yr prepay DSCR loans anyway because I expect rates to go down to where I'd want to refinance within 2 years.The other thing I did was beef up the monthly rent so that I could better qualify for the DSCR loan (but you need to use a lender that uses actual rents instead of market rents). 

Happy to discuss the product and see if you qualify.