Hi @Michael Swan,
Awesome story, this is been a recipe for success always, My father was in Land Banking which is a great industry.
his model was buy land middle of no where and let the build around in mean time, grow crops and make cash.
then Joint Venture with developer let them build houses do the work and make 35% Profits on the project awesome deals.
me I bought, places people taught I was crazy why are you doing that is the bad area of Vista, 1 lot with 3 units on it in 2011 for cheap, It cash flowed good I had Section 8 tenant in one unit it was awesome always on time. then 2014 came along, They develop a beautiful track home development near by and 2 senior livings, by now had some more contacts and more money, but with $0 dollars out of my pocket, i partner with a group and we created a Senior Living with 16 beds. we are doing great, property is valued real high, thinking about 1031 for a more sexy asset in for oceanview senior living, that will bring me more revenue. because as Gordon Gekko said Greed is Good.
thank you for sharing.