But if it provides a quick way to get from inland to the cities where the jobs are, it could make it a lot more feasible for people to commute in from the valley.If I wanted to really make a play on this, I would probably buy a big swath of land that is not great for agriculture (so can get a good deal on it for it's current low utility), that would have reasonable high-speed rail access next to an established city - maybe something like Merced.

Then put an offer at asking to tie it up for a feasibility period.

@Mary UmohStart with an Architect familiar with this type of work to discuss feasibility and what you do not know that they do.

Is this something feasible to do?

Is it feasible....if the structural integrity of the house is maintained, are there other issues to consider. 

True non-recourse is extremely rare when investing in small commercial or residential properties and frankly does not really exist at the feasible LTVs most investors are looking to do. 

Self Managing is always an option but with City inspections involved at every turnover, I am not sure how feasible it is to manage remotely.

I've searched the web extensively and find that there are title companies in Atlanta that do this but I'm in the Augusta area (3 hours away) so I feel that's probably not a feasible or economical solution.

I don't see many with any amenities at all and building them into a budget with only 4 units usually isn't feasible. 

Best for short-term use, as rates are higher.Given your strong W2 income, excellent credit, and LLC structure, any of these should be feasible.