in my area i'm looking at a cheap foreclosed lot with a burned out house needing removal. coincidentally I just saw an ad for low (ish) priced custom houses, available for 0 down if you have land.the way I see it, it's just finding numbers that work (thank you Bigger Pockets) can I get the land cheap?

With our budget and saving plan established I began investing in low cost index funds.

Thing is all that these con-artists face is white collar prison when caught, for maybe a few years, so they get to keep all the $ they hide and spend a few years in a low rate federal hotel, whoop-dii-dooo.

These look like pretty good deals, with the obvious exception being your rehab numbers -- those are crazy low, unless you are just throwing in paint and new flooring, in part of the house only.

Ez and low capital =high chance of failure. 

Not sure how my business is going to go this year but assuming I have $2k month self employment income, no debt, $50k cash reserve, and an excellent credit score...What is the likelihood that I will qualify for a mortgage?   

With only an acre for parking and building, your probably either limited to a single tenant or low volume garden offices (maybe a small retail strip center, but the sizes would probably dictate shorter leases and higher turnover).

Little things like soap/shampoo dispensers in the showers are low cost but help you to stand out.

What really captivates me is the concept of passive income, of course,  land ownership has always been a goal for me personally, but while my expenses are low and my responsibilities minimal, I would like to set myself up for future success.

One with a high of an $8k estimate and the othernwith a low of $12k are virtually the same to me.