In order to make this work financially, I need the homes to be built (vertical construction) for a maximum average of $80,000 per unit (between $100-110 psqft).

I discovered BiggerPockets while researching a novel I'm currently writing in which the main character is pursuing financial independence.

Additions can take many months, and your financial situation might not inspire confidence in other investors to partner.

Once you are satisfied that you have a solid understanding of the financials make an offer at one or 2% above your local cap rate with all of the typical contingencies.Hope it works out for you!

It makes the financial obligation of moving into a new unit seem less burdensome. 

Our biggest hurdle is the financing aspect of it and we both know a couple of people locally who may be able to help, BUT we are wanting to start learning as much as possible to turning this idea into a future career as we both like the idea of employment independence as well as financial independence.

One to consider would be Seniors with 20+ year ownership and low Financial Stability Scores (FSS)This group are often ready to downsize or transition to assistance.

Our biggest hurdle is the financing aspect of it and we both know a couple of people locally who may be able to help, BUT we are wanting to start learning as much as possible to turning this idea into a future career as we both like the idea of employment independence as well as financial independence.

I'm looking at buy and hold for long term financial freedom.  

Take care of your bills and your credit will improve.Dave Ramsey's "Total Money Makeover" is a great book for starting to get your financial house in order.