The experience of the housing provider is going to be the real challenge to getting you a set of keys to move in with...they have to qualify, pass inspection, sign a bunch of paperwork, and finally lease up and send everything into LMH. 

Maybe take a cab and ask the driver about the area.

Quote from @Corey Gelineau: The inspection contingency is used to legally back out of a contract due to the property being in an unacceptable condition upon inspecting the property.

@Robert FrazierThis really depends on the market. 

Quote from @Isuf Aruci: i live in the NY area and would love to build a house or a mid apartment building. but the land search is very very difficult. also lets say i found the land, where would i get information and see if its buildable, also how do you calculate a land to see if its worth building or not.   

I think that this is the "blood in the water" thing that investors talk about. - The examples have incredibly good math on paper.

So, the short answer is yes, but here is more:1.

I do the same.

We'd be interested in taking a look and providing an additional opinion to the offers you may be getting.

The other picture (with the green boxes) is the return for possible scenarios - MTR, STR, LTR - but all have negative cashflow.