Breaking Into or Strategies for Rural Rentals / Land?

[Greg P.]

Hi,

I am interested in living and investing in rural areas.  I'm interested in hearing from those that may have had success doing this.  Currently I have a couple doors I manage, but am really interested in long-term property and land in North TX.  My vision would be to acquire 10-20 acres with an existing property, be able to rent the property (or live in it), and figure out how to cash flow on the rest of the acreage.  I was thinking about building additional homes / renting land / short term rentals / or anything else to cash flow.

It seems like there are some (very) big hurdles to overcome to do something like this:

1. Traditional financing / capital requirements for land and/or building on land

2. Rental values in the country seems harder to find tenants and at prices that support the cost of properties

3. Utilities (electric, water, sewer, etc)

Anyone have any thoughts?

Thanks!