I bought at Coral Reef Cottages because it was a community of little houses "condos" not attatched with a boat washing station and pool.

My septic drain fields (house and cottage) both need to be replaced.  

The lot has two 70+ year old cottages on it, and our plan is to demo and build up to 5 condos or 4 single family homes for sale.  

I bought a small cottage in Arlington schools Poughkeepsie at tax foreclosure ,owner occupied in oct.

The property contains a 2 unit building and a 1 unit standalone cottage. 

In fact, it is about this exact strategy of seeking seller financing (often from older or out of town owner) for what he calls "colony type houses", often 5-10 unit multiplexes or cottages on one lot.

They are so successful that they have become a sort of cottage industry over the last 15 years.  

A great example is Inglenook Carmel or Inglenook Zionsville by Inglenook Cottage Homes in Indianapolis suburbs. 

I'd like to build a small community of single family cottages but I guess I should give some other details first.Have $240k cash.Have 2 family, fully rented at $850 each unit, fully paid for and valued at $110k.Have 4 family, fully rented, about $45k equity.

If I buy an acre of land and I want to put small houses or cottages on it that are lets say 1000 sq feet maybe two bed two bath, how many could I build?