In order to subdivide this lot, I would have to convince the city to change their zoning map and allow for a smaller single family lot size than what they currently allow (very low odds this would be approved).  

As a retirement plan, the Solo 401(k) is vastly superior, with significantly higher contribution capacity, the ability to make Roth contributions of up to $18K per year with no income limitations, etc.Depending on your ability to contribute, and therefore how quickly you can amass some working capital, you may choose to start with a fully self-directed Solo 401(k) or you may choose to establish a low-cost brokerage Solo 401(k) that would be limited to investing in stocks, funds, etc. for the near term.  

I buy, rehab, rent, season it out and refinance. 

I'm looking into buying the first investment property, and it seems like the only thing I can afford at the moment is properties from a low-income neighborhood without putting me into significant financial risk. 

The goal is to add me to the title, I start making payments on the property for six months (seasoning period). 

To start - need to research deep and a lot of due diligence.High price will put you out of market, low price attract low quality tenants.

Unless you are buying some really low end commercial property where $800 is significant... but in that scenario I probably wouldn't do the deal anyway. 

Looks good, low maintenance.

The Low-Down on Real Estate ICOs

The lender will want 6 - 12 months seasoning prior to a "Cash-out Refi ".