Old machines are okay if they were just purchased refurbished 2 years ago. 

Hi all,I recently posted about this topic and unfortunately did not receive any responses.I have recently established my land acquisition business with the goal to purchase parcels of land, either within data center opportunity zones or areas with the potential to allow for data center development, rezone the property with submitted plans, then sell to developers ‘shovel-ready’ within the various jurisdictions of the Commonwealth of Virginia.I understand there are multiple mechanisms that come into play including obtaining financing (partnering with an experienced investor), utilizing land-use attorneys, land surveying and engineering firms, appraisers, as well as approval from local planning commissions, board of supervisors, etc.Would there be any investors who are currently active in this niche?

I'm in the Stuttgart area and what I have found so far is that it's difficult to get any positive CoC because rental rates are so low compared to purchase prices.

I'm considering purchasing a property in a city where the average household income is around $50k per year, and houses are selling for $250k to $300k.

I'm asking this question due to months of searching for multi-family homes to start my multi-family journey but the prices are way too high to purchase as a newby. 

We would like to buy this home with the intent to keep the for 3 years at least.

Now, I would of course be vetting buyers and making sure whoever purchases the deal has a solid track record and is a trustworthy individual/company first, but things happen.

I would keep the MFH I purchase and manage OOS. 

Thank you, I mean if one gets a loan to buy a home and rents it out so the renters can pay the mortgage while the investor keeps on buying homes but all are loans not purchased in cash, exactly when will the investor see a profit , seems like it will be a while.

and then a commercial lender the rest of the loan to purchase?