Storage building, shop, private lake, dare I say it, mobile homes back there?

@Joshua Stewart Well dare I ask if this was completed and rented out?

When I told him I was researching my options, and started asking questions, he said, "how dare you shop me". 

I own property outright have a solid tenant and I have equity sitting there staring me in the face daring me to use it somewhere else. 

I dare say that an owner could get more than that by listing almost any property.

Like how dare you not list that home, lol.

I've done pretty well going where few others dare to tread.

And even with all this, I wouldn't dare going for this big a venture.And yes, even by my most prudent estimates, the "Rule" is no more than 40%, including a reserve buildup for some serious structural rehab and property management.I suspect you have some serious capital for a down payment at least.

I know, "How dare a Mortgage Broker turn the tables on Realtors right?"

Her Broker is going to be calling me in the morning to set me straight & gonna "handle" me and tell me how dare I take her off the deal, blah, blah, blah.