For an SFH/MFH you potentially have 1,000 potential renters or buyers. 

Heads in beds means more people, more damage, more cleaning, more potential accidents, etc...So make sure that the final NET proceeds really do justify the more heads the better mindset....

       - Columbia/Greenwood, SC: Affordable properties and potential for cash flow

There has to be some movers and shakers from the area.

Try looking into zillow/Redfin and see what your potential rents you can get near the neighborhood by filtering the bedrooms/bathrooms of the intentional property that you are planning to buy.

So what I am saying is, for some people the interpersonal aspect of who the potential partner is, may have some bearing on the comfort and satisfaction you get in doing business with this person.

It can potentially limit your buyers when/if you go to sell.

Considering a HELOC for that land down payment is a solid move with 70K in equity, offering flexibility and potential tax perks.

Dont want to miss out on potentially lifechanging tax savings!

It may be worth it to have a mover come out and look at it before buying one and they can give you a lot of insight into it.