Definitely talk to an agent or someone who understands rental supply and demand in the area.  

The house rules include items such as sharing the yard, parking rules, lawn furniture, etc.Any restrictions on the property should be covered the very first time they call to inquire: no smoking, absolutely no pets, loud music or parties that generate complaints are lease violations, they have to supply a lawnmower to cut the grass.

I am trying to think creatively here on how we can generate some income from this to office some of our carrying costs until we find the right buyer...hence the billboard idea.Here is a little about he location:- Back of property has clear visibility from major state route with INDOT listed traffic counts of 12 to 20k cars / day- Property is located on a slight curve, so cars traveling north will get prime exposure (though this may prevent having usable space for southbound traffic)- No billboards in the immediate area with tons of major retails present (i.e. tractor supply, Holiday Inn, Menards, etc.)So in addition to checking the City / State to see if I could obtain a permit, what other advice / insights do you have?

I dont supply appliances at all.

I had hoped the reason no one had offered it before was because it was creative & original concept.The acquisition price has so many variables, the final number has not been determined.

Those relevant issues, specifically, are:There has been a large supply of undervalued homes on the market; and one of the catalysts for the current increase in home values has been real estate investors buying those homes for any purpose - fix and flip, rentals, whatever - it takes them off the market, and as inventory turns it energizes the market.As activity increases in the undervalued inventory, that attracts more investors.

@Mike Parks Please feel free to add or bring in other variable to this.

Materials were under $100 each and the trencher was $150.Electric I had to have the local electric co-op run set in a new line to supply the two houses. 

I'm inclined to needing the answers at 1:00 am when I can't turn my brain off :-/   I was able to determine the supply of real estate through Realtor.com by simply searching the recently sold and the currently listed.

In our MLS , we could specify different variables.