The monthly payment is only ~$720 and the interest rate is fixed at 8% fully amortized with no balloon. 

Quote from @Beth Johnson: @Marina Wong No. we just charge the servicing set-up fee at close.

No, no one's looking for someone like you.

I did number 2 with no regrets.

Just make sure to fully understand the loan terms, especially the interest rate and repayment schedule, so there are no surprises.2.Condition of the Property: If the property isn’t in really rough shape and you were able to get insurance on it using a 4-point inspection and wind mitigation, you might even qualify for traditional funding options like FHA, Conventinal, VA, a cash-out refinance or a home equity line of credit (HELOC).

There is a time and a place for sub to  no doubt but wholesalers to me are not the time or place.

Quote from @Michael Overall:I understand the utilities will go to basis, on the interest is it able to be yearly deducted based off the conversation you referenced if using form 4952According to one of my colleagues on that thread - yes.According to court - no.

So now you need a development loan once you have your plans approved.. most folks that do land try for owner financing while they get approvals then go for 3p loan once you have an approved project or JV with cash partners.. thats what I do I am a JV cash partner no loans I dont need loans to do these land deals..

Purchase price: $187,000 Cash invested: $15,000 Sale price: $259,000 I got tired of moving place to place and worrying about finding roommate, security deposits and not having enough money to deal with maintaining someone elses home.

After feeling hopeless, lost and confused about a year ago, I'm happy to report that I'm starting to see the light and the path to wealth after taking consistent action, and am excited to be seeing the progress.Cheers, to constant and never ending improvementArgelI don’t see how it’s possible to generate enough cash flow as a real estate investor starting with no or limited capital.