It sounds like you're working without an agent so I'd hit up a lawyer for an hour of their time and make sure you've got an out if you so desire one. 

Hi all, My wife and I are new to this forum and real estate investing.  We are both full time professionals and looking to generate passive income so we can slow down a bit and enjoy time with our new son. Currently, ...

Please seek legal counsel before you are hit with tax and business fees.

It comes with a fully enclosed 2 stall barn with water and electric.

That way they can spread out how hard they get hit with taxes.

I guess one of the girls that lives there now is not good with money and is getting the electric turned off.

When you show folks around and hit it off with them, mention you are happy to show them any other places they are interested in.

Also, for older homes, do not forget the likely extra expenses for electricity/gas due to them being leaky. 

I'd be conservative and give yourself a range...Ideally you'd hit 2% of your cost in rents, realistically that probably won't happen for new build maybe you'll hit 1%.So it cost say 400k for land and build you're looking at wanting 4-8k per month in rent.In all honesty you're probably better off doing a rehab vs new ...

@Summer PooleAs an agent, you can start out by setting the parameters you're looking for on the MLS and it will pull new listings for you daily.However, by the time a property hits the MLS, the great deals are usually gone. 1/2 of all properties bought and sold never hit the MLS but are done by investors working directly with buyers and sellers.