#6 above was too heavily leveraged when the downturn of 2008 hit.

We market heavily to listed houses, but I always tell the seller to contact their agent and work out whatever arrangement with them.  

They align heavily with Kiyosaki.

The conversion is going to be expensive so I think I'm going to give them heavily discounted lease rate and have them pay for buildout.

I am a tankerman with a tow boat company, which requires me to be away most of the time, so I intend on relying heavily on property management. 

That closing firm will likely be drafting up the mortgage and note and you have to make sure the legal language is not favoring the seller too heavily.

Long term cheap financing is key, and today's rates are still pretty good.The vacation rental market can also be a great way to boost returns (1% is achievable), but you'll hiave higher costs since you'll be suplpying furniture, silverware, etc.I'm pretty heavily invested here and looking for out of state rentals as well, but the risk hasn't really justified the returns yet.

AHRN is more heavily used since it's free; militarybyowner charges but the most basic ad is quite reasonable and there's far less competition there.Gail

Rely heavily on the experienced developer / builder. 

they dig down to more solid or heavily compacted ground.