Briana, unless you can get more per door, I would not do it.

2024 is 6 years awayI plan to spend the next 6-12 months learning and studying dealsI estimate that in order to replace ~$130,000 of gross annual income I will need to have that same total of net cash flow from my properties by that time (I currently only own two single family houses)If I make the assumption that the deals that I find/buy return $500 per month of net cash flow then I will need a total of 22 properties to equal $132,000 per year (22 * $500 = $11,000/mo. * 12mos = $132,000/yr)The $500 per unit estimate is not a per door estimate, rather a per unit estimate.

This is varies per location.

And I would put single occupancy only per room in the contract as well... and then add an admendum of house rules. since verbal/oral contract is not really held high in court... if you can't sign the contract write away then use technology such as text message or emails or even voicemails. 

I also talked with 'DoHardMoney' - I'm not sure if any of you guys have used them before but for a first time 'fix & flip', they offer 100% financing for up to 70% ARV (determined prior to purchase) at 5.5 points with 1.25% interest per month.

I think there is a 3 property per person per year rule.  

Gravel 400-800 oNE FOR PaRKING PAD, ONE FOR rOAD PER LOTPermits 60?

 $258.38 ($64.60 per unit) using the 50% Rule does not meet my minimum of $100 per unit.

In my area a rent will bring $400 - $500 more per unit than just lot rent.

The one I looked at, the platinum on Koval (this was 5 years ago when I wanted to rent it out when I wasn’t using it.) doubled the Hoa fees for every week beyond 2 per year that they weren’t allowed to rent it out.