I have about $300 on my credit cards (just finally paid them off for the most part, and have about $20,000 limit).My cash on hand is relatively light, but what my plan was was to find some single family homes in the north Detroit area (currently anywhere from $40-$60k and put about $15-20k tops into any repairs or fixes (not looking for total rehabs, mostly something I can do some small repairs here and there and paint, personally I am knowledgeable about renovating up until complex electric and plumbing).

Hi Melissa,This is of course a personal decision but personally I do not allow felonies in my screening process.~ Lindsey

Landlocked property has an easement over a 1/4-acre ell in the neighboring property that otherwise blocks the property from the road and is largely (desirably, for privacy/noise) covered in trees. 

You aren't acknowledging that you are just a middle person with no money so you are starting with an untruth, the quickest way to get someone to hang up on you.

Personally, I wouldn't live somewhere where I have people living above me as I am sensitive to noise. 

If so, you can get a DSCR loan without worrying about personal income.

I have spoke with my accountant and he said that we can accelerate depreciation up front in order to avoid the large tax hit initially. 

I am looking for any information I can find regarding building a community on a large parcel of land, selling the homes, and collecting lot rent. 

Currently, they are financed under my personal name.

That's a high risk loan, and they will charge you for that risk -- something in the 8-9% range currently.