Legal Issues: Disputes between buyers and sellers can arise, leading to potential legal complications.Important Considerations: Contract Terms: It's crucial to have a well-drafted land contract that clearly outlines the rights and obligations of both parties.

Thank you very much for your response and consideration.  

What follows will probably sound somewhat pessimistic - but I put it out there for your consideration...Understand that your journey will be a long one, as real estate is usually not a get rich quick game.  

Projecting the growth and thus desirability and central location near the local market prime drivers is an important consideration.  

From a transactional funding standpoint one consideration is avoiding transfer taxes where they are charged and if they are significant at all or not. 

I suggest learn everything about real estate, and get ready to pull the trigger whenever the opportunity is presented.

After long consideration, I have finally decided to purchase an investment property.

First of all, do you have any experience in any of the use considerations you have? 

The draw period, the interest rate, any rate increase(s), amount of monthly free cash flow, and discipline all are factors for consideration. 

I've been taking with them for 2yrs now but haven't pulled the trigger on what they bring to the table.