Basically what am I looking for in a good mortgage contract?

I'm making a lot of assumptions here, but hopefully the basic point comes through that these numbers just don't add up if indeed there is just a $75,000 average salary to look forward to.Trust me, I know all about following your dream, but I also know about becoming a slave to a dream that eventually becomes a nightmare. 

@Scott VoiersI would start with the basics and go with single family homes.

Its 15 minutes to the nearest grocery store so I try to have all the toiletries, basic first aid, and basic groceries (bread, eggs, cheese, milk) for them at the cabin already. 

Moreover, they would have a basic understanding of how real estate financing functions.

This project is the first step in that direction - a proof of concept.

My only concern with the health share plans is it seems they all have some sort of "disclaimer" clause that basically says at the end of the day, they don't have to cover an event if they don't want to.

You can do a search on any number of government survey website for population growth, median SFH purchase price, unemployment rate etc.. to determine if it's a market that fits your desires.I did just purchase a mix use property in upstate, NY and wanted to chime in with some concepts you may or may not be aware of.   

Basically, they don't want to take the risk that if things don't go as planned, having to chase you across the border.Smaller more local banks may be more flexible if you are buying 'small' properties but if you are looking for a mid-sized (250K - 2M) commercial loan - it can be extremely difficult.Good luck - Oren

Positives of the House: Amazing updated high end kitchen all stainless steel appliancesNew RoofCan lighting in all bedrooms, living room, and kitchenHigh End basement bathroom includes Jets in shower wall and Heated tile floorNew Central ACNew FurnaceNew HVAC ducting throughoutNewer Vinyl SidingNewer guttersMany newer vinyl windowsNewly wired for gigabit speed ethernet in all roomsOpen cell insulation on second floor roof (solves all cape cod style home problems with ice damming)Nice landscaping both in front and in backGreat curb appealFenced in LotFull BasementOpen concept living roomVery low taxes compared to rest of Lake County IllinoisFinished will have 2 full baths, 3 bedroomsNew copper plumbingNew Natural Gas pipingAll Capital Expenditures are taken care of!