Or you could take the land, get it "entitled", i.e. all the permits, plans, etc. approved, then sell it to a builder in a "ready-to-build" condition.  

Like anything, you can easily have all of the questions answered and also come up with a long term plan, if you find a mortgage banker or broker that you trust to help consult you throughout your real estate investing life. 

Where is the best place to advertise buying houses in any condition or area.....

This is a special "conditional use" that allows you to operate a nightly rental (which is an R2 use,......long term rentals are R1) which is not an use that is allowed in our residential zoning designations. 

Well water in good Standings with the local Health Department and a septic system that appears to be in working condition.

Then you pay for clean up, repairs to get ready to find another tenant.When everything is done, repeat all over.Ps - roof life 10-25 years depends on the weather, woods around and materials- furnace 25-30 years- HWT 10 yearsEtcNow factor these money into the price of the house and get it inspected how old is the major parts.

I would buy assuming certain conditions. 

It's a condition of our agreements with them that they stay enrolled with @Paul Ritter & MyCreditTeam.com in their credit enhancement. 

It's a great option for 1st time homebuyers, but remember that it's typical for the condition of the loan to be that you must live in the home as your primary residence for 1 year or more in order to qualify!

This would include the water heater, central air conditioning system, heat pump system, built in applicanes, etc.