My bottom line is that I want to do something investing-wise that is different than buying/holding/landlording, making about 12% a year, with good security.

Gold has dropped a lot and therefore some bottom fishers consider it a good time to buy.

And you need to rent equipment to jackhammer the bottom (to prevent the yard from becoming a swamp) and a bobcat to break up all the concrete, so I'm told.

Bottom line - as far as the FTL, if the title company provided proper notice to the IRS, when 120 days expires, you're good to go.

I figure if I offer 100k with a 3% commission and another investor offers 98K without a commission, the bank will look at the bottom line and take the 98k provided all other variables are equal.

I'm not sure when I'll do our series a round of funding but when I do that, our plan will be to do a sub division in nw Arkansas most likely

I was a bit naive on some things and as I had shared with someone offline I dont know that I'd have been brave enough to take the leap to this business had my former employer at my W2 job made my life so miserable I hit rock bottom...so I have to give kudos to them for kicking me in the butt and throwing me over the cliff.  

If you're trying to predict the future with math you're going to have a bad time.As for the vacancy vs price, you have a pretty small range and most people will want a round number. $742 might be the most profitable on paper but you can't really charge that, tenants may stray away from that, or a large number of other unknowns.

Hopefully the plug has been pulled out of the bottom of the pool or you can have major problems if the pool floats. 

I started to include formal LOIs (letters of intent) in the last couple of mail rounds and got a few negative responses.