Not possible, 85% max LTV on a purchase or straight refi, 75% max LTV on a cash out refi.

I am originally from there and manage on in Ventnor and have had some issues getting a straight answer on what I should even be charging for tourist tax. 

The next ride would take me straight to the movie complex in 20 minutes.

I would look into every and all claims about someone as well as reach out to his former colleagues (who are here on BP) - as part of my point was sometimes its easier to go straight to the horses mouth and see how they respond.  

You have the means to purchase and intend to offer owner financing (you) to the buyers of your lots.That sounds pretty straight forward as long as you are able to carry the loans and deal with any defaults.I don't have a background in raw land deals, so that's all I got.Thanks for the feedback and I will keep these things in mind as I move forward. 

I'm not sophisticated as Dan, but if you simply do the straight math, it may be close to 10 years before you break even on $190k. 

First, lets set some inaccurate information straight. 

Thanks for setting him straight, Brian.

A more viable approach could be a straight 75% cash-out refinance—but only if you’ve invested in a city with strong, sustained population growth.

We had an accounting system once that necessitated doing this - not ideal, but it keeps the assets and liabilities straight and AP is just an accrual until you pay the bill.