I'm now down to $240 for the entire job I get to keep to feed my family, pay my mortgage, pay my utilities.    

That is good that you are on city utilities.

I also utilize a self-directed 401K and at times use private investors or hard money.  

To determine the market resale value, utilize Craigslist, Land Watch, Land and Farm, EBay, Zillow, and/or any other other online resource to collect comps for vacant properties of similar size in nearby areas.

Is there a requirement for MFU to utilize public water and sewer and does said land have access to these?

Commercial projects often utilize AIA agreements and new home projects, may differ too.

There are so many nuggets of wisdom that I have learned through the podcast already it is ridiculous.I am currently looking to utilize FHA financing to buy a slightly depressed property (due to mismanagement, etc.) and refi/flip out of it to build capital for a larger property.

I like cap rate & cash on cash return #s a little better than per-unit only because if the owner has to pay for the utilities I can use a 60 or 65% expense ratio instead of 50% (in the quick math department).

It will be well utilized, I promise.Best Regards,Steve Epperson

The church also provides for my utilities and food.