Specifically, I'm looking to find out: what are the loan types that exist for land, what kind of water considerations (and cost estimates) are there, and likewise for power (solar vs. running electric), and access (a road to the home).

Another consideration:  Your gross income (the 75% that is counted from a rental property) may not be considered until the property is rented for one year.  

What considerations are there for doing this? 

Irrespective of timing considerations, Option D would be to invest in larger apartment syndications.    

Hello BP Forum'ers,I haven't posted in a while -- but wanted everyone's take on a fairly common question, but with the uniqueness of my actual numbers, figures and situationGoal -- grow passive income quickly through buy and holds -- my market is Upstate NY and I presently own 7 units total spread over 3 properties (2 doubles and one 3 unit) Initial goal was to acquire 8 units/year x 5 years all netting (before income taxes, but after my debt service payments and all other expenses) $200-250/month/unit so around 10K and month in "passive" income from 40 units.

I also like reaching people with unique names through facebook and send them a message about their house.

I think it would be difficult to talk an owner into transferring title to your name without any consideration.

The asking price is too high.Steve: Thanks for your input--those are important considerations that I need to raise with the seller and the potential partner.

SECUR  self storage was founded around 2007 was one of the early entrants intothe self storage business in Germany and they built and converted buildings into self storage  to the best of my research they paid around 11 to 12 hundred eurosper Sq. meter to enter the business and last year sold to public storage for about 2500 euros per Sq. meter or a total of 66 million Euros Not bad especiallywhen you take into consideration that they entered during the worst recession in recent history

Welcome to BP.You have a unique name.