if you own the land free and clear there are options for financing with no upfront cost with closing costs and initial draw coming from the land 

I was just under contract for a duplex that needed 2 repairs prior to closing that would have cost in the $7500-10,000 range.

It's a lot of paperwork to stay compliant.

I would start with reading Rich Dad Poor Dad, it's a good tool as it will shift your perspective on money as well as teach you a lot of tips that helps other wealthy people stay wealthy. 

I've been specializing in foreclosures/short sales for 17 years  and have closed hundreds.

I have a home that I bought for 600K+ about 38K closing costs, interest 2.875%, I've owned it 3 years and owe 220K on it.

This approach allowed us to move quickly and efficiently, ensuring the project stayed on track and was completed without delays.

@Justin SegarraI've rented by the room on 2 properties in Reno, NV close to the University to young professionals and students. 

My cleaner is my eyes and ears between stays, she basically runs the show.   

What about all those closing costs?