@Andrew Taxes are roughly $7500 a year, Water/sewer is $1200 a year and snow/lawn maintenance is $800 a year.

3 bed , 1.5 bath, 1 car garage and 1 parking with (trash pickup, water, snow plowing, lawn maintenance included) for $2800  in Greenwich, CT? 

its very close to the water

I assume that even the water is metered separately?  

You will have to get it rezoned, likely recieve a density waiver, do a bunch of dirt work (basically sewer, water, power and legit dirt moving) to create lots at the low end to a full development including building homes.

@Larry Waters  In most states, marketing a property that you don't own is a license-required activity. 

Look at major components like the roof, foundation, HVAC, electrical, plumbing, water heater, water and sewer connections, etc. 

Sometimes municipalities provide sewer, water, garbage, or even electricity and if unpaid bills stack up their become liens as well.Might be easier to spend $200-300 and have a title search done to see what you are facing. 

Right now the current owners pay the tenants water and I would be billing that back to the tenant in their rent.

(normally recommended, especially if you are a landlord)- Water Backup: For water damage due to the backup of Sewers or Drains.- Personal Articles: Coverage for belongings that have a special or collectors valuesuch as Jewelery, Furs, Fine Arts, Collectibles, etc...Your age should not be a factor on the pricing but, depending on the company these other factors may get you credits:- Insurance Score (company pulls certain info out of your credit report)It is not your credit score but generally better credit will result in a better score- Time at your job- Education level- time at current residence" Good Luck