How do you plan to generate the return?  

He will likely keep the larger of the two social security checks plus everything else that is stated in her trust.3) Keep in mind as you apply for loans, lenders will count this property towards your debt to income ratio.

@Mel Gardner Hi Mel, Transitioning your home into a rental property can be a smart move for building passive income!

If you have verifiable income and the project cost all in less than say 100k, it would makes sense to get a HELOC to fund the deal.

This criteria would imply that this land is near the grid, flat, and underneath the sun.LandWatchSan Bernandino Desert Land 80 acres Price: $58.8k seller finance at 320/monthTaxes $120/year = 12/monthTotal Monthly Payments 332/monthWeb BrowsingRental income from Renewable sites roughly $750-500/acre annual (62-42 monthly)80 acres at $500 annual = 40,000 annual 3,333 monthlyTotal Monthly Income 3,333/monthTotal Monthly Payments 332/monthTotal Preliminary CashFlow 3,001/monthAnnualized ROI 63%The land posting does not mention a down payment so I assumed 30yr financing at 5.25% to get roughly $320.

There have been some negative news articles recently accusing them of preying on people in lower income neighborhoods but by reading them you can find the basic process. 

As soon as my income from flipping homes replaces my existing income I would like to quit my job and flip full time.

This idea scales for any idea when you're trying to get work done on multiple properties; I need gutter work and a guards to be put on two properties, but most of these estimate generators are for a single residence.

Estimated rental income about $28002) La Quinta, 1225 sq.ft, $342, 4 bd, 2 bath, No HOA - $430K.

They got it fully leased up and everything has been running smoothly with $2k net income after expenses and mortgage per mo. on a property I put $180k into (rehab + down payment), so I'm very happy with the resolution.