@Lisa Talamas , that's like asking, "How long is a piece of string"?. 

I can not answer your question but when looking at property to buy in TN I came upon a situation that may help your situation, depending on where the bodies are.One piece of property had an area that was being divided from the rest of the property at the time I was looking at it. 

@William Kyle Walker, I think you and others have hit on key pieces. 

As long as you have the right expectations.Cash flow is NOT the most important piece of the equation.

I've been working on an outline for a user-friendly, newbie can't screw it up piece of software I'd like to see developed.

I don't want to miss out on any important questions that might bring me issues if I don't ask them.Also- I know to keep in mind not to overwhelm the seller with a flood of questions about the property so...I was wondering what basic (But Vital) pieces of information do you ask a Motivated Seller when putting together a offer for a property?

I'll have to do some more research there.Do you know what kind of loan would I need to get to use the equity in a piece of land to do improvements to convert it into a SFH?

This is kind of an accent piece.

I finally came to the conclusion that buying new offers piece of mind and the prices are so cheap you can't go wrong.  

How could a deal be structured with someone that cares little about their credit yet wants a piece of action on the sale of their property?