., bank) release that has to be supplied by 90 days - so perhaps the buyer can use that to back out.

Plumbing supplies cost roughly half what HD charges if you go to a plumbing supply house.

@Jay Hinrichs the utility bills that survive are going to be gov't supplied utilities and not privately supplied utilities.

LOLAs to the home, you can buy that with 10 days due diligence, but not land for development really.6 acres can hold about 12-14 homes in that price range and there will be a limit, if there is one, where you will need an approved sewer system and water supply, streets, curbs, gutters, water retention, utilities, at a different level of compliance.Your contract to buy land can be done quickly when you are familiar with local requirements and have experience.One issue is making application for a minor-subdivision, dividing the land into lots.

@Cal C. all good points, especially #5, unfortunately the seller financed deals are in short supply around here.

There are enough difficulties with paying bills, getting bids, collecting rents, buying supplies and materials, etc. with rehab and rental properties that we decided that vacant lots would just be easier in an IRA.

Most markets across the United States are not in a rent market where demand is outpacing supply.

It all leads to an extremely restricted housing supply and hence RE inventory is almost zero.

Marketing to new tenants and pre-screening them, showing all the window shoppers the property etc. and the legal issues, how to evict properly, your rights as a land lord, their rights as a tenant...every state is different.

Originally posted by Account Closed: HUD (Housing and Urban Development) has info on what fair market rents should be across the country based on the number of bedrooms....go here http://www.huduser.org/portal/datasets/fmr/fmrs/FY2014_code/select_Geography.odn and click through to find your area. "403 - Forbidden: Access is denied.You do not have permission to view this directory or page using the credentials that you supplied."