Storm sewer, storm pond, sewer lines, water access, fire hydrants, public bathrooms, surface coverage, sidewalk or bike paths, setbacks, power lines and right of ways known and unknown, road access, etc. 5.

We don't know you, we have no idea how you act under pressure, how much hair a sec8 tenant will have you pulling out or how thick you skin is.

I have never taken his course, so can't speak to that, but on the surface of a couple Google searches, of the two he seems to actually be involved in real estate a lot more.  

You definitely need a summer house to get out of Vegas since it's just the surface of the sun in the summer. well having been in RE 50 years and been through 3 major RE value resets with the GFC the monster one..

Alternatively i could go for being a real estate broker and try to get experience in actual real estate without putting too much of my own skin in the game.

its all great on the surface.. but where is the financing coming from for ground up ??? 

The lenders simply are not interested in financing a deal where the buyer has such a small amount of skin in the game.If you don't mind, can you touch on how you were able to obtain the type of financing structure that allowed for a seller-held 2nd mortgage? 

This is why you need to do a ton of due diligence on them and make sure they have skin and the game and something to lose.

Actually here in Texas we can separate the surface rights from the minerals. 

They have no skin in the game, they'll just move on to the next owner.