Hope nothing but the success of others and glad to be playing the game now with all the other investors.

Seems like a good investment for me to buy and just hold onto, but not sure if I should play the appreciation game.

LOL I knew it wasI made one land deal were I put up 250k and got 800k back in 9 months. it was a subdivision play I E  with an equity share so these kind of returns can and do happen

So, the language would come into play when you're building those relationships.Your sellers mostly just need to know that you can close your end of the sale.

You should play by ear.

I've increased the value from 900k (300k+600k) to 1.5m due to repairs (for example) and I now turn around and put it on the market for 500k lease hold for 11 years with OPTION (or agreement) to buy at 1m (notice its longer than the first because I don't OWN the property until after the 10 years (this is where lawyers come into play technically selling something that isn't yours YET)) This now means you are paying a mortgage of 300k for 10 years BUT someone is paying you a mortgage of 500k for 11 years.

You should consider calling and talking to the Execs in the various states you are considering as well as some of the brokers like Joanne Stevens who will take time to help newbies.Your own strengths and weaknesses will play a role in what and where you should be buying as will your current and future goals.

He would prefer the chunk of change but also doesn't hate the idea of the cashflow. plus we are in a developing community and I don't want to play the appreciation game but the cost of the homes should definitely go up over timeMy only concern is taking on so much debt.

I'm looking forward to seeing how it plays out. 

There are some current listing that are interesting in those areas... certainly not huge instant equity plays, but around the 1% rule.