Friends of mine do really well with cabins in the woods there, and stay pretty booked in the winter (for low rates of course), but they've had the homes listed for years.

But the electrical will be properly secured as well with a moisture barrier.

You can generally place a voucher tenant in any property.In order to place a section 8 tenant you will have to pass an initial inspection as well as an annual inspection where they tend to be more strict and have you fix things that you may not have addressed for a market tenant.

I’m not as experienced in development, so I'm going to take a stab at extrapolating my multifamily knowledge to development.  

We won't make a loan if it does not look like the rehabber can earn a profit of at least 10 to 12% of the ARV, converted to dollars, of course.This approach takes both your profit, in dollars, into account as well as the value of the property.

But also realize the seller will want (most likely) some interest as well.

That seems more than just a RE investment: To me, the casino aspect of the investment would require specialized expertise (knowledge and individuals in place to make sure the business is a success) that seems to be a greater risk than the RE side of the deal.

@Tim DiMario make sure you accelerate your RE knowledge and be pro activeRead the Millionnaire Real Estate Investor and also the One thing  By Gary Keller

I have done land subdivision and develpment, and have owned multi-family, as well as commercial property. 

Considering they are brand new, with a finish out well above and beyond the rest of the neighborhood I don't anticipate "nobody else wanting them" Thanks for your sarcasm, though