I expect to offer to keep the rental rate the same based on the market, but know when I was a renter there was always an option to go month-to-month for a higher price. 

I would have to agree with all of the people that have replied to your post, and I think you may be  referring to other people's money" There is a reason that they are called private lenders, their qualification approval guidelines are based mostly on the amount of money one puts down.

I have been speaking to the folks at Hamza Invests and they are confident that it can be delivered for much less based on my land costs but I don't want to fork over the money for their program and find out my instincts were right. 

*Most* of the time it is better to start off investing someplace you know intimately than picking cities out of a hat based on statistics you read on a screen. 

U know investors go for paper returns with no thought to tenant base and RISK.. no different in Vegas than in any other market.

Her office is based here out of Gainesvillle. 

Does your opinion change based on that? 

Guess who the E & O carrier's claims department goes after for reimbursement based on the broad indemnity language quoted in this chain?

I am new to real estate and based out of LA looking to learn more about out of state investing! 

It really comes down to the strategy from the client and it always varies.