Phase 3 is when shovels hit the dirt and things get expensive.

Perhaps this would make the lender more comfortable while giving you the benefit of settling with a shovel ready lot. 

I've seen someone do a large senior 55+ housing development take 8 years before shovels were in the ground. 

Property tax, insurance, electric, water hose and shovel, flowers, etc.  

If new BTR rentals are what you are looking for then Tuscaloosa, AL, or FL are good markets that not only have cash flow but offer good capital appreciation too. 

Have you ever encountered someone from the northern regions expressing a desire to retire in a perpetually cold and overcast place where they'd spend their days shoveling snow in sub-zero temperatures?

But now, I'M at fault for not realizing there was significant mold damage in the foundation.I have spent too much time thinking about this, but if we want to keep digging, pass me a shovel. 

Invest in a good, basic lease once and then add paragraphs specific to the property being rented (do they need to care for a lawn or shovel a walk?).

I think we need to do more to help the make our little part of the world better-help those who are less fortunate and struggling to have a better life even if it is something that may seem minor to you or make someone's day better (buy the person behind you in a line up a cup of coffee, shovel someone's sidewalk in the winter).  

Every now and then, some "Analysis-Paralysis" flares up again and those other fears will rear their ugly heads.