You can find the same product for well under $40k if you know where to look and who to ask [me].I would strongly suggest that you stick with a simple SFH, 3/1, post war built ranch that rents for $700+.  

No company is perfect by any means but if your looking for excellent customer service and a quality product from a reputable company you might want to contact @Chris Clothier who is a regular here also.

Some of the surrounding towns can be ok depending on how you want to run your business; what kind of tenants you want to manage, and what kind of product you produce will determine your success.

As Investors and Real Estate Entrepreneurs I believe its important that we nourish our psychology to remain positive and productive.

Just to let you know there, are quite a few loan products that allow first-time home buyers to buy a home without great credit scores or much money to put down, FHA loans are one.

I suppose you could deny the request to extend the loan and cancel the sale but obviously that would be counter productive.

I don't know why people think that REI can possibly be a hands off sport - you are buying freaking toilets and tenants using them - how hands off do you think it can possibly be...?  

That triangle region is known worldwide for its farming product.

@Josh Autery - Our sales pages are based on principles used by SaaS companies (Software as a Service), whereby product knowledge and pricing are shared with the consumer to ensure they fully understand the product before purchase.  

I will check the developer's clauses to ensure they don't have any restrictions on reselling lots prior to finished product.