Purchase inexpensive homes $5000-$20000 (I have an inexhaustible supply of these kind of homes they are not junk they are totally livable and not in need of repairs.

I'm in Grand Rapids mi and the supply is so low by the time the listing hits mls it's pending...

It's just supply and demand.

., 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.