Additionally, the property was extremely affordable for our area, making it a low-risk investment with a high potential for a good return.

How did you find this deal and What are a few things you learned from this one? 

There are a lot of differences, really from lender to lender. 

I don't see doing really well with RV parking spots but there are a couple of folks renting RVs near our lake house and they seem to do OK.

@Mayuresh Kshirsagar   I would recommend being in areas on the West Side of Cleveland like West Blvd, Cudell, Old Brooklyn, Clark Fulton, Edgewater, Jefferson, and Brooklyn Centre.

Had a thought of developing two different phases, one with contractor garages on the more flat land, and townhomes in another area that is more uneven.Thanks,

HiMy cousin is looking for a student rental in Boston area.

The area I am targeting is a vacation destination that is rather seasonally resilient (working theory backed by decent to moderate research so far).If I can get past the zoning hurdle specific to mainly "wastewater" - referring to the collection of the toilet, shower, and sinks discharge - I want to purchase 10+ acres that allow me to scale to something quite significant in time. 

The other pool of tenants: One is a couple relocating to area high income earnerOne is  interested in renting as a "personal care home for 4 residents"One roommates working in the area with the same company needing housing for next yearI just need some guidance. 

I just moved to the Woodland Hills area and am an experienced real estate investor.