Quote from @Daniel Rabinov: Hey,I am considering buying a piece of land to develop 8-10 houses on it with common area and amenities.Does anyone have some excel sheet or calculator that can help me check the viability of it being a good investment?

Last piece of advice would be to check out Houston credit unions for the loan.

What kind of unit count range are you looking at

But keep in mind, as with most auctions you can't get inside to check the condition of the property you want to buy.

If I were in your shoes, I would first evaluate the area, and if it fits my criteria and I know what kind of tenant I can put in there I would continue to the next step:Finding out how much it would cost to rehab and what kind of rents I can achieve. 

What kind of rent to price ratios would make more sense in the NPR area per your experience? 

I was behind on being ready for retirement and was hoping the real estate, and having tenants sending me checks each month would help in generating cash flow and increasing net worth.

Don't drive a $600/month car riding around with $500 in your bank account...However, I have used credit cards like its a checking account my whole adult life and It has worked very well for me both in my personal and business life.

Hey Ryan, if you're considering between other states I would check out Cleveland, OH.It's a great opportunity for fix and flips and turnkey opportunities.

The majority of the list was wrong.It could be accurate with other types of lists, but I didn't bother to check.