Same guy handled a triplex rehab (the one with the theft), and that's where he took money that he simply pocketed or used in some sort of Ponzo scheme to pay off other debts (I have no way to know, but the money did not go to contractors or to continue work at the site).

i used FHA for the first property so it may take me much longer to have enough money to buy the second since it wont be FHA but I don't want to wait several years. are there any other strategies to buy properties quicker or do I Simply just have to wait until I have enough cash?

Put simply...I've seen turnkey sales that were done terribly in terms of rehab, weren't in great locations, and had tenants that were paying over market rent (to make the numbers look good). 

She didn’t know what caused the fall, but said it’s the reason for her memory problems.The meeting, which was conducted by telephone, was cut short after Van Gundy’s lawyer said she suffered two seizures.Multiple investors have said they loaned hundreds of thousands of dollars to buy and sell mobile homes only to have Van Gundy and her company — Outstanding Real Estate Solutions Inc. — renege on principal and interest payments.

Also this property has a small 8 acre tract cut out of it with residential homes on it.So my question, what is my first step to get this property looked at to see its potential.

Russ has a lot of creative solutions and uses established case law to work in ways that some of the more "cut & dry" intermediaries do not.

That is a full-time business in itself so we simply pay to skip the line there. 4.)

Even without any interest rate cuts. 

. - patience is the key in this market right now, as many of the deals we've reviewed simply don't work. 

However, if you ever want to replace that home, you'll have to move it off his lot.I would consider appraising the vacant land and trying to cut a deal that's fair.