I would consider buying at as much of a discount as you can, in a good location ( not on a busy street, not near any "yeah buts" as MeetKevin would say, stable neighborhood, fixed long term financing4) South of Blvd has always had higher desirability, but if you find a good value, there are many great neighborhoods north of the blvd.5) I'm not a CPA, generally you pay taxes when you sell & if it's a primary residence there are large exclusions ($250k each individual owner) 

Ive wondered how some individuals without a SSN get places and why the landlords would accept.

You cannot record two loans simultaneously, however, you can have several lenders on one loan if it’s fractionalized.If legal in the state you obtain the loan, a fractionalized loan will allow several individuals to participate in one first position loan.

If you go that route, make sure to run all banking activity through the LLC, and not individual partner names.

As a risk adverse individual I would say never sacrifice your personal family emergency fund for an investment.

The sheet rock went up, but hasn't been mudded...parts need to come down to place firewall protection.I'm looking for individuals or a team that can help me get permits and finish the work. 

Unless you've got all of your replacements lined up at one time I suspect you'll end up using individual loans for each replacement.It could certainly be worth exploring a lender that would write a portfolio loan and let you add properties as you go. 

Seller to carry $130,000Purchase Price $270,000Gross Rent $61,680Capital Investment needed - $80,000 to individually meter the un-occupied lots eventually.This can be done on at a rate of 1 lot metered for every 10 new tenets added month by month.Expenses (taxes maint, legal ) $12,682Total of 59 lots.

Seller to carry $130,000Purchase Price $270,000Gross Rent $61,680Capital Investment needed - $80,000 to individually meter the un-occupied lots eventually.This can be done on at a rate of 1 lot metered for every 10 new tenets added month by month.Expenses (taxes maint, legal ) $12,682Total of 59 lots.

You will find lots of like minded individuals that can help you out.Good Investing...