The land would have to be a sweetheart deal, IMO and you'd have to know that the pain, time and energy you're going to expend would be relatively equal to co-investing in a larger play or bringing together other investors to do a larger value-add or development. 

Example:Solar costs $27,500Depreciate over 27.5 y$27,500/27.5y = $1000 per yearLets say the Net profit assuming all other costs before the solar install is $1000/month and I install solar example above would that be $0 income per month on paper?

Depending where the property is, it might be worth contacting a lawyer who specialized in evictions to make sure the paper work is done right. 

Getting that exposure to real life scenarios helped me gain the confidence and knowledge to put pen to paper.  

If this does end up in court, a clear paper trail will be immensely helpful.

I just have to send out my paper work to see what I can get approved.

I personally stay away from this area even though on paper the houses look good. 

But I've since found paper from DOF showing the house was registered as 2 family as far back as 1937.

I haven’t signed any paper and don’t plan on it until I am satisfied with the terms. 

Its literally an additional paper that says my end buyer has the right to my place in the contract for some fee.