Quote from @Rodney Menendez: @Peter Dukaj yes we are still finding lots for around $19k in Lehigh Acres with no issues for construction  still a soft market and utilities are going to run way more than public sewer and water taps. it all ends up being the same. 40-50k for a lot no matter how you skin the cat. plus all the site work required for those lots is more than double what a traditional infill lot requires in miami or columbus for example 

Double digit loans of $250-500k can be both cost and qualifying prohibitive.

My rule of thumb w/ SEO is: - Break even or double my money in year 1.

So your payment will actually go up double the shortage. 

Maybe have a convo over coffee about how you analyze and that they are double working if you both are doing the same thing but getting opposite results. 

In 20 years, when the houses were paid off and likely be worth about double the 150k per house (historical averages here in midwest), you'd have about 3 to 3.5 million in real estate and you'd be making 10k to 12k a month in rental income.I'm not saying you can't do that with notes - based on what some friends of mine were doing a few years ago.

But don't forget to factor for future appreciation...if you (or your Realtor) strongly believe that this area/house will double in value within 5 years, then that is a different animal.....

Hi Dan,Having issues with delayed responses, and some conflicting double-talk. 

u probably have federal laws Dodd frank and maybe state laws.. for sure dont trust the internet.get with a lawyer in the state the properties are at and double check.. you will sleep better.

Couple hundred bucks a door (after PITI and budget expenses) , double digit ROI, and yes, the prices appreciate and you build equity.