Tim/George, I have valued the park by dividing its three streams of income. 1.

He floats the construction money until we get our draws.

I then divided that number by 240 months and used that to create the percentage that I entered in to the BP rental analysis calculator. 

To draw these tenant to your listing, you can put something like 'Section 8 Vouchers welcome' in your rental advertisement.  

I was planning on just making draws for the material and other sub contractors (plumbing, elect, etc) and then taking the profits upon the sale of the house once complete. 

In my area neighborhoods are generally viewed as a development that was created when a farm was purchased and divided up, so the number of properties available is limited from "neighborhood to neighborhood". 

However, even at your net worth now, you will likely have to continue working well past the age I would like to retire in order to ensure you can draw off those investments long enough.  

What's the population draw around the building and what are the employment opportunities?

Maybe in your market there is something attractive about the REO's that draw the good agents to that area.  

When you look at the maintenance elements in a residential property you can generally divide the elements into two groups: systems and structure.• Systems include HVAC, water heater, plumbing and wiring.