Each individual property should be in its own LLC for personal asset protection.

I have checked the county GIS map and I found that those wooded areas or lots are owned by individuals. 

What's the role of each individual(my realtor, me, and the buyer)?

Fast forward a few months and I just picked up that old book called Rich Dad Poor Dad because honestly I was just getting tired of eBay, I know I can do greater things.

@Cindy S.Check out the RICH club.  

If this is a possible solution, how would this impact the Atlanta individuals credit or ability to buy additional properties under similar financing terms?

This is the case regardless of whether you take title individually or via a corporate entity.The County Fiscal Office periodically re-assesses valuations for tax purposes.

Here are the key questions to think through before you get it going:1) what do you want to buy2) how much can we afford3) how will you pay for it 3) what are you going to do with it afterHere is how we tackled this challenge:1) Find a reputable and responsive agent to work with: we worked with @Sharon Tzib2) Get pre-qualified with a good and local lender that work with investors: we usedd Rochelle Frazeur from New American. 3) Use some good MLS criteria to set up lists with your agent3) Find out how to identify a good deal: We got our hands on some good cash flow analysis calculators (thanks to @Sharon Tzib) and we used the calculators on BP as well4) Make neighborhood visits to those areas of your interest5) Find other venues to meet up with other investors or go to workshops and meet up's: We've attended BP meet up in Houston, events with Jet Lending, meeting with Wholesalers, and we've met one-on-one with other investors6) Look for non-MLS sources to find properties for sale: wholesalers, and local listing through Rich club or word of the mouth7) Talk to the property manager if you are planning on using on.

There are 9 Mobile Homes which are mostly 1990s, and only 4 are currently rented for a total of $2650/mo, 3 vacant,the remaining 2 need to be repaired, and the last pad is vacant. 3.4 Acres, city water (master meter), septic tank, and individual electric.The deal financing was $200k, $30k down, 6% interest, for 10 years.I know the unofficial formula is lot rent x # of units x 12 x .6(owner pays utilities) or .7(tenant pays utilities) x10 (CAP). then you add in the wholesale price of the mobile homes to get to your priceWe are planning on renting the land and home as a package deal.

I service time sensitive acquisitions and dispositions for Asset Portfolio Managers, Groups and Individual Investors, throughout the State of Indiana.