That also brings me to wonder if I will need to drill an additional well and septic system when i add the next home?  

Just imagine how bad things will be with this additional option.I'm invested with two private placements and each of their checks for my status included sending over bank statements, as well as tax statements to show ownership in my real estate holdings.

In addition, did it cause issues with refinancing due to the property being lease hold rather than fee simple?

My realtor office requested the commission from the other Realtor and now the other Realtor is calling me to tell me that my Realtor requested commission and because it, now, she wants me to either move in or to give her an additional deposit, my question is, since I only gave her 1 month deposit and 1 month penalties only and the contact states that the penalties for an early termination of the lease is 2 month, I am obligated to move in to the property or do I have to give her an Extra month penalty in order for the other Realtor pay my Realtor his commission?

I just don't think the land makes enough in comparison to getting a real estate business started that could scale much faster and be worth much more a decade from now and provide additional cash flow for our family. 

.$925x0.25=$231.25$925-$660-$231.25=$33.75 in cashflowTake a look at these additional expenses in your area and what you need to pull out as reserves for future expenses.

It's our home, we live here.While the upstairs has an additional entrance, it is not separate.

Have a kitchen remodel I'm planning on my personal residence as well as having an egress window cut out for a bedroom addition.

In addition to renting out the other units since your still young and in college, renting out any extra bedrooms in your own unit could be a good possibility and provide more cash flow.

LOLWow, I wish I would have low balled them even more, they took my request for 50K price reduction....I am adding to the inspection response verbiage that I want to also review the leases and have an additional 3 days to back out to give me time to review the leases.