Although I also think it's worth examining your mindset: instead of an action giving you a result you weren't hoping for being classed a "waste of time", just think of it as an intelligent way to make sure your operating at optimal efficiency.

In this aspect your ARE operating as a real estate agent and it is ILLEGAL. 

@Tim Johnson when you're looking to tag someone in a post create the "@" symbol and then start typing the person's name and then underneath the reply box you should see their name pop up and you can click the person you intend to tag.

I operate under my business name of jify renovation.

The only other things that I would encourage you to think about, if you haven't already, is how you are going to manage and scale your operations.

I would also require much better than a 10CAP to deal with the homes, septics, and economies of scale.Based on current operations, I would place the NOI on lots at around $7,200 ($300 lot rent).  

For the past 8 years I have owned and operated a residential construction company.  

This is pertaining to a property management operation in Arizona and we need to know what kind of paperwork needs to be filled out on a yearly/monthly/one-time basis.

Depending on the order of operations here, if you enter the market to try and rent up the properties first, prior to ownership, you would need a real estate license issued by the state.  

PM me if you need any info about hostel operations.