The previous tenants actually moved out 2 months later as the initial closing date they gave us.

She didn't bother to disclose this to me initially; now we are deep in the process.

Although the rate may be higher initially, buying down to a one-year prepay is an option.

After the fact my property would only be valued initially at about 60% of the cost to build and I was only going to see about a 6% ROI.

She didn't bother to disclose this to me initially; now we are deep in the process.

The only issue I've found is that it's hard to find a lender willing to provide a HELOC in second position (behind your initial mortgage) for an investment property.

We have an 8-week course with over 60 training modules, laser-focused action steps and weekly live Q&A Sessions that will take someone from being a novice in the land development space to becoming a Land Acquisition Specialist.We've said this before, and I'll say it again here: Our program isn't for everyone.

(In case you didn't know, the Housing Authority typically won't start paying rent until the property has passed its initial inspection.)Good luck.

-Often a persons last years are in assisted living, a nursing home, or with their children, so I could take possession of the home (and generate profit from it) sooner than the persons death.Potential risk that I can think of:-Higher out-of-pocket costs/negative initial cash flow with delayed financial reward. 

Maybe money is tight, maybe it is the summer and people are feeling more inspired to make the recurring Home Depot runs, or maybe people are taking more initiative to round their skills on Youtube University.