Much of the area is technically unincorporated and services can be difficult as they are not supported universally.

what you have there is a dig out.. nothing poored yet..Not sure what planet they are on where they say they can build a home in 6 to 8 weeks.I mean technically if you do it on TV it can be done.the best Texas builders can bang them out in 75 days or so..

Jay Garrison you don't technically need an agent and if you don't use one in this scenario, I would guess the listing agent would take all the commission to try to represent you and the seller.

@Wai Wah ChanRegardless of the technical answer, you can always ask borrower 'Hey, now that you have the money how about paying off both notes?' 

I had a meeting with my Title company ( the owner)  and we got into some of the technical aspects.. but short of it..

@Greg Neuman If you do what you're proposing on land contract, you wouldn't be technically refinancing in the bank's eyes, you would be purchasing at that point.Personally, when purchasing with seller financing, I don't like to ever purchase without deed transfer, or at least using a deed of trust. 

Jason White technically Diamond Bar, CA.

On CapEx though, there's a lot of subtlety going on with those numbers that get glossed over but make a lot of difference in the performance of the property.Ask most accountants or multi-family expert and they will tell you that Cap Ex is subtracted after NOI (or below the line as someone said above) so technically does not affect the valuation.

@Johnathan Williams, technically wholesaling is flipping contracts. 

I would bet 4plex 203k (refi later to get out of lifetime MI) would be better if you plan to stay in one location for at least a few years. technically, I think you have to live in it 12 months, look into current regs, you might be able to rinse and repeat annually.