There are good selections of rugs that you can wash to place under the bed for warmth if that is your main concern. 

. :)As I comp my 3/2.5 primary residence on FurnishedFinder and Airbnb, I saw a lot of availability around White Rock Lake, which does concern me somewhat as I would need to cover the first mortgage with rental income.  

It is in a 55+ community so my concern is that I would only be able to choose tenants from certain demographic.

I would be less concerned about trying to pick land based on future appreciation & selling. 

But I draw the line when there is risk of damage to the property, annoyance to the neighbors, health concerns, pests, etc.

@Garrett Brown you’ve got a lot of options, but it sounds like cash flow is a top concern.

I am going through Ryan's free beginner course right now and it is full of good info. 

The negative cash flow of your RE gives me no concern.  

(Lot's are roughly going to be .5 of a acer in north Grafton Ma)I do have a few concerns: one lot has a FEMA line running through it, two lots are next to a railway, and the terrain is hilly.

Directly investing in real property investments, whether property, notes, tax liens, or leases requires a THOROUGH understanding of all LEGAL aspects concerning real estate law in general and the investment in particular.It’s IMPOSSIBLE for someone who hasn’t accumulated either a legal education in real estate law or 20 years active experience to have the knowledge and understanding of legal aspects sufficient to reduce legal risk to an acceptable level when investing directly in tax liens, notes or real property.