I am ok with 1000 to 1200 per month including some principal payment. but not this.

Maybe also ask the seller if there was any damage and if they are planning to file a claim.Did the area get hit hard by storms?

The principals are the same.

Hello Kyle,There are lots of things to consider, and there are lots of different types of Zoning for residential.For example you could be zoned residential, but the minimum lot size could be 1 acre, and you are buying 1 acre, in that case you wouldn't need a developer, you would just need a builder.For example, lets say you have 5 acres and a perfect rectangle property, that has an existing street that runs the long ways of the property so you won't have to put in any streets, you will simply need to get with a surveyor, figure out your minimum lot widths from zoning, and file with the municipality to get your property subdivided into lots.Once you have subdivided lots, you can either sell the lots outright to a builder, the cleanest transaction.Option 2, you could try to partner with a builder so you can split the profits, most builder's will want you to guarantee the loan, and still charge a build fee before profit splits.Option3, you can hire the builder, obtain the financing, and keep all the profits.Option 4, you could do any combination of 1,2, and 3. 

Equity is what allows you to scale, not cash flow and it's much quicker generated by appreciation, not principal paydown. 

I initially contacted them by filing a ticket on rental manager.

id=510289 <--See how this one has the file tacked on the end?  

The application is property of the property manager who is acting on behalf of the owner, therefore the file is the property of the owner.I would demand they turn over a copy of the entire file.

Better chance if you’re a big, profitable customer.Gotta ask the ATO what a file would require for them to be comfortable writing policy to pass title. 

Catch all the red flags prior to submission cause once you submit a file that has uncaught red flags, that's when your process slows and lender's get nit-picky.From a lender, I want you to work fast, if I am hustling on my end to make it easy for their processor and underwriter then I expect fast work with an open line of communication and I want my rep at the lender to be able to fight for me or my clients should an obstacle arise - which they usually do.