Supposedly it will take a couple of months to clear up the issues and the current proposed buyer may not want to stick around.

Proposing partnering on some deals.Seems to me there are bunches of Californians doingwhat you want to do.

I will always be open ears for a project proposal like this.I learned the developing process with land.

About 95% or more of the deals I see newbies proposing on this and other sites are not deals that are worth doing.

Do lots of people do this and I'm just in the dark, or is there some fundamental flaw with what I'm proposing?

One technique for a new person in the business is to explain that they are new in the business, working thru college, paying for xyz to help out xyz, and are glad that they are starting out work with nice honest people like........yaddi, yaddi, ya.....After the story next is qualify....who, what, why, how come, how many, when, why not, ect.... this is where you gather all the info on the transaction you catch my drift.Next land Note: during the landing stage is where you begin to propose the offer, this is the same place where you remind them about all the bad stuff wrong with the house.Next is the Close....later got to go to work

Also, how did you come to your proposed rent?

The city is going to propose a inspection for all properties because many are not up to code, and I'm thinking these landowners might start dumping lots due to no intent of rehabbing.

Funding Program Requirements: - Complete the Funding Application - Submit 1 to 3 page project summary or business proposal or Executive Summary** - An original bank “capability†letter or current bank statement, which states borrowers financial ability to place the minimum $100k or 10% (whichever is greater) of the loan amount into an escrow deposit - Last two (2) bank statements (When application is preapproved) - A company business plan (if necessary) and Insurance (if necessary) - Last two (2) years of income taxes (if applicable) - Borrower’s legal documents (Filing receipt, tax ID, etc) - Two (2) color picture ID for principal.

•Solicitation of bids and proposals.