Real estate pricing is based on demand and desirability so very cheap properties are often money pits with high maintenance and high vacancy.

I actually started flipping with little money and then transitioned to wholesaling because my goal is to build an active business in real estate, and for me, wholesaling was and is more scalable and profitable than flipping.People tend to think wholesaling is easy based on how gurus portray it online, but it's not.

Latest estimate I saw was $150/sqft to build not including the land.

I think bringing a design expert to run through these properties with the contractors and put together the design based on a specific budget would be a good idea.  

In any event, I generally would not own land with an S-Corp unless there is a very good reason for it. 3.

I would think through where you ultimately want to land for personal and family reasons and allow that to inform the choice as well. 

The tenant is telling the PM that HUD was approving based on old income and they are going to have it readjusted.

There were 2 vacant lots that closed across the street for 1m and 2m, so we knew the land alone was worth 1.5m minimum, plus there was a small house on it already.

Usually takes 3 years to cycle through customers till you get a base of good customers.  

(Make sure you have vacant property insurance, standard insurance won’t cover an unoccupied property for very long.)As long as you haven’t used it personally I’m sure there we situations where you buy a property (imagine a very run down unlivable property) for the land or the possible appreciation.