Among other things, Southern would handle dealing with tenants and the billing, which would mirror the City's complicated billing methods.In my case, lot rents are $300/month and are inclusive of water, sewer and garbage. 

There is talk of the pro-tax environment possibly pushing out the overall average cycle time another few years before the next down turn.

A nice environment to "network" with others and for you to learn "the lay-of-the-land" here in South Florida.You can "Google" David Dweck or Boca Real Estate Investment Club a link for is:  B.R.I.C.   

Seems like a very professional environment.

In the commercial construction environment, the contracts are so robust and cumbersome that many subcontractors don’t even read them.

It makes for a much better environment than dealing with students. 

You'll meet other like minded people, potential even deal partners, and avoid the "sales pitchy" environment of some of the larger seminars.

If you did a wrap (or an "all inclusive trust deed") you would now have a security interest in the property. 

This is merely an assumption based on current rate environment. 

Brent, my-worth-what-you-pay-for-it tactical advice would likely be similar to Thomas S. actually :  stress test the various loans under different interest rate scenarios since we have a rising rate environment.