My initial plan was to buy a multi family unit either a duplex or triplex and house hack.

My initial plan was to invest in a multiunit (duplex,triplex) and house hack.

Initial cash flow is not actual cash flow. 

I love your stories, it must have been difficult initially but y ou all made it work...so inspiring.

I asked a ton of questions in the initial stages.

However, my plan would be to subdivide the property into 2 acres lots, but I wouldn’t have enough road frontage to avoid putting in a road according to initial layout plans.

At its current minimum bid price, I can see someone easily making 80k (or more) off the property, with only 30-35k initial investment: the county requires only 20% down + fees, then carries 5 year contract, costs associated with municipal liens which are the only liens not released as a consequence of the tax foreclosure (state law), clean up costs for the property itself, costs related to the sale of the property including any action to quiet title, and costs associated with having to hold the property 3 months in case such action has to happen prior to selling said property.

The items that we are going to escrow, namely taxes and insurance, are not "closing costs" on our books.We do this for accounting reasons.My initial number for closing costs is $5500 + points. 

I haven't yet delved into how to analyze deals and such, but I'm eager to know if my initial line of thinking makes sense. 

On initial funding (I'd imagine I'd need this to back whatever kind of loan as downpayment): could I initially fund this C corporation, marking this seed funding as debt or equity (maybe the former is ideal in the event I want to distribute a dividend/wage back to myself from the C corporation?