So we’ll more than likely be going with an out-of-state rental.Areas of interestColumbia, SCFayetteville, NCAugusta, GANashville, TNClarksville, TNPretty much anywhere that has a military base near by…I joined bigger pockets and instantly signed up as a pro member because I just felt that it was worth the value of information I receive daily.

You can find nearby investors to work with here https://www.biggerpockets.com/meet

When I check the GIS maps there is no other lot near by that has wetlands class AND it appears to just fill in for the whole .5 acre lot size but nothing on the adjacent lots.I have looked at the land and in no way does appear to be wetlands at all.

My realtor and I have stumbled across a nice potential flip near by. 

Check out the nearby members and network at https://www.biggerpockets.com/meet, it will help you a lot to find partners that can help you out in investing. 

With the opening of the Page Woodson School redevelopment and construction of townhome-style properties nearby, there's a ton of new development in the area.Construction cost to build something modern would depend on the builder, but would be in the $110 - $200+ / square foot range depending on finishes.

Hopefully close to public transportation and a school nearby.

You can, however, use a private lender to finance foreclosed properties.I love the location of your property, but it does look like it needs a lot of rehab and the nearby homes on the higher end sell for around 150-175k so you could potentially make significant profit.

We have out eye on 5 or 6 more units nearby.

That said, this particular location doesn't hinge on the school district or any nearby university (in other words, most of my tenants have been post-college millennials without kids).