Quote from @Chris Seveney: @Francisco AvancenaThere are specific lenders who will do land dealsBut of course not as many as traditional real estate.The key will be skin in the game - typically for land because it is less liquid than a home the lender will want to have a lower ltv on the deal I fund land flippers currently in  CO FLA WA ID MT NV AZ OR TX SC GA VA  one thing about land though LTV is lower and RATES are NOT the same as typical HML rates are higher for raw land but its a specialty niche and a business that I grew up in..

Based on my experience, the key to success is screening for good tenants and managing them well. 

You might want to limit your visits though to avoid escalation.Short term if the smart lock is on his personal door just change it to a key if it's isn't working for him, you can always switch back later.

Clear Exit Strategy Since you’re dealing with a short-term loan structure, having a clear exit strategy is key.

Hi Catherine,Welcome a board to Bigger Pockets, it's a great place to learn and Network with like minded investors. 

This maximum rate is determined by adding 2.50 percentage points to the yield rate on long-term government bonds as published by the Federal Reserve Board or the United States Treasury, or both.

I think getting really good at one thing, establishing a network within that niche, and being able to analyze deals quickly is the key making things work.

Be sure to include instructions for turning in keys, notifying you that she's out, etc.

That is totally above board and good to go -  Best of luck!

What exactly would make a city board approve non-affordable (i.e. not Section 8)  apartments?