Also I dont know the state of the house ie is it completely derelict and trashed or what not, as previously stated i dont care about the house, just the land.

While I currently live outside Portland, OR, I plan to begin investing in Tennessee.

I’m asking because I plan to eventually scale and get into multifamily syndication, and I know learning to raise capital will be a crucial skill.Scaling with Private Lenders: Once I’ve done a few flips, I’m thinking of finding a group of private lenders to help me scale the business.

With thoughtful planning, you’ll be well on your way to building wealth and achieving your goals.Good luck! 

This property cashflows very well now, so I do not plan to sell for quite some time. 

We plan to renovate it ourselves and turn it into a 1200sq ft 2/1 to STR.

I'm not saying that's your plan, but we just see so many examples of this happening in the forums. 

No, he's not an architect, he drew all designs, floor plan, site plan, etc, and we had a structural engineer design his part, and paid an architect to sign off on them.  

Hi JoseOverall, your plan is viable, especially with significant equity and an unconventional financing option (WLI cash value).

Michelle Wang,With all due respect, you should make plans to be in another business once you're out of Real Estate Investing (Residential, Income Property).There are Members of our MassRealEstate dot net Association that come crying to me about similar situations as yours i.e.