Even as construction increases and vacancies go up, the continued influx of well-educated young professionals may mitigate concerns about supply-side pressures.

Back in the day plumbers used galvanized pipe for water supply lines.  

And the state supplied certificate of formation does not limit any liability, so no, you're incorrect.

I have looked on and off at the city and it seems to be heavily skewed to SFR, at least in term of supply.

(If you have a house don't worry about paying that off yet, I'll give you an idea of what you can do about that in a bit)2) once all your debt is paid off, start saving money, you save money by only buying what you need NOT WHAT YOU WANT, so you NEED hygienic supplies, food, clothes (but only once every 2, 3 months making a budget on that of maybe $100 to $150 per person in the house hold) you need gas, utilities, rent or mortgage ect.. you DON'T NEED for example if you have cable with HBO do you really need Netflix and do you really need to go to the movies every weekend, do you need to have all the movie packages that the cable company offers??

I would like to supply the down payment, but would like to get the loan in her name (her credit is impeccable!

Obviously this involves a great deal of trust on both parties but this is in ample supply as I mentioned above. 

Some buyers can afford to sit on a vacant property for a few months after purchase without even starting to rehab and may decide to sell it at a profit as-is because they know its a sellers market and the demand in that particular area is and will be high(especially if supply is low). 

According to Gus Faucher, senior economist at PNC Financial Services Group in Pittsburgh, “[we] should see the housing market continue to improve through 2015.”In a turnaround from the conditions of just a few years ago, the supply of homes on the market has decreased, causing upward pressure on pricing.

There is also a plot with a 50' x 70' metal building and a well that supplies the cabins.