If, instead, you were to simply start with what's been proven to work as a foundation, there is less to worry about (although Ben's main point stands - you do need to think about a number of different factors).I recently posted my thoughts on this in a different thread, so I hope you'll allow me to re-post here.

My friend knows a previous landlord who is selling a property that includes a side by side 5 plex, a 2 story house with a basement and 2 car garage, and 1977  16 x 70 moblie home that is current owners residence (on a permanent foundation, with a large addition, porch, deck & 2 car garage.

I've found at least one that will allow the LLC, but only through a commercial loan.  

Costs were higher on this one because we hit a bunch of CapEx items - new roof, new HVAC, new deck, vinyl plank flooring throughout, new appliances - plus we had some unexpected big-ticket items - had to rebuild a chimney, for one and also build a foundation for an addition that hadn't been done properly.

Looks like you have a great foundation to get going!

.- Banks won't lend when there are certain things wrong with a property such as roof issues, foundation issues, etc.

The ones dating back to the mid 1700s are a little more rare - mostly due to "great fires" in the 1800s {seems every city had one} or, in the case of Halifax, the Explosion of 1917 which levelled much of the North end of the city.I am in the process right now of renovating/rehabbing a duplex where the front half dates back to the 1870s - ballon framed walls, rubble foundation, 5-layers of accumulated flooring and 4-tonnes of lath-and-plaster.

You will see exactly how Cheri has helped thousands of real estate investors create financial success by putting a proper foundation under their dreams....

The first book is foundational, the second covers more advanced topics and will help you understand about tax advantages and other strengths of real estate, and the third helps you understand market cycles and how to analyze markets.  

Currently the land is a .3 acre building lot within the village with all utilities already at site (which limits my hookup expenses), with a hole in the ground as this is where the foundation was.