My mortgage broker is telling me this is an up and coming area that is low risk, high reward potential. 

It is a fine line, thats what i'm trying to figure out how to navigate without crossing that, but also not pushing the potential seller completely away if possible. 

Although these items are eligible for tax deductions, I overlooked this aspect when filing my taxes last year.Now that it's 2024, I'm wondering if it's possible to file an amended return to potentially recoup some money from the IRS.

Finally, start hitting some meetups if you can to pick people's brains, find potential deals, learn what about areas you don't know, etc.Best of luck!

Someone to potentially front the down payment or work on some sort of equity deal. 

If a hilltop home was a potential purchaser's goal these are some estimates we got for professional work:Getting power to the hilltop will cost about 50-60k according to the local power company. 66k for overhead lines, 52k for buried (not including trenching). $3600 for a septic permit & design about 50k for sitework (very long driveway), though foresters have noted the potential for NRCS funding for road improvement and invasive species management (i.e. clearing the 8-acre area which has blackberry bushes galore) which we are in the very early stages of looking into. 

While this can land you in potential audit risk, I think you're in the clear here. 

It had terrible photos and looked like a ton of work...which it was, but I saw the potential.

If your fear is on a 30 year time horizon, then your lens should also equally look at the potential upside down the road over 30 years. 

It's understandable to have reservations, but don't let excuses hinder your potential for passive income and wealth growth!