You did mention having to pave something, so not sure if the pic is old?

Cycling the 10 plus miles on the paved Bidwell park which has the creek running along the entire path is beautiful.

Multiple neighbors have paved a portion of the front yard, so if the same was done there would be 4 off street parking areas.Rents would be $1,750-$1,800 and $1,200-$1,250 = ~$3,000ARV would increase to $485,000 if done with permits and the rehab would increase $20k.Could be a nice BRRRR that would cash flow $500-$600 a month.

It has paved roads, utility hookups and sewer in place and it sits off the 11th hole on a golf course. 

Thanks for paving the way for others! 

Is there anything different to consider for a small complex (8-12 units on 2 acres, paved road access) in a rural area on the edge of town versus one in that is more centrally located? 

It is paved but the street was not build according to city code. 

In heavy rains, there was an actual stream, running with a high volume and at a high speed, making the erosion worse with each passing storm.I laid out a new design (below) and hired a paving contractor. 

That’s a great read and it paved the way to my first property that I just purchased recently. 

Large Cap Ex Items Doneregraded and paved driveway and all of parking lotAll new vinyl replacement windowsVinyl siding on both buildingsBuilt: less than 35 years oldGarden Style, 2 Buildings, one is 6 units, one is 8 units(efficiency apartments)I look for 10% 1st year roi based on 25% down and closing costs to buy property.Current Income-90,000 (current owner assumes 15% vacancy rates to be safe)Current Expenses-57,000( 2018)I see a potential for income to be- 95-98,000 within next 18-24 monthsExpenses-I calculated at 51,000 within next 2 years including the below metrics.All trash removal costs, property taxes and insurance costs were factored in as well.10% cap ex11% M and R(turn overs were included in this figure and 1/2 months rent paid to prop. management company for screening new tenants and placing them)6.5% current property managementI calculated my cash flow after paying mortgage and all the expenses was around 5,800$ per year.