In your case the biggest thing I see is that with just a few partners, liquidity will be your biggest hurdle.

No one wants to work with unreasonable penny pinchers.  

But I'll venture a guess.In my opinion, you're being unreasonable. 

Those two pieces were the greatest hurdle I felt.

Typically, land would be tied up with various deposits and timeline hurdles for you to complete the needed due diligence and entitlements.

He said this was due to the climate.Based on my figures of (NOI/CAP) - the building is worth 425-450K so I didn't think getting 320 was too unreasonable.

Because (I think) I can--this sounds ridiculous but what I mean by this is I have enough of a track record, and market cycle experience, along with a broad base of investors who are over the trust hurdle. 

If your intent is to place long-term tenants and take advantage of a good property manager then it should be more or less hands off for you and the distance shouldn't be too much of a hurdle. 

Financing less than $50k will have additional hurdles. 

They cash flow very well with one property taking in $2,425 a month ($29,100 annually) and the other $2,245 a month ($26,940).I’m actually surprised at the hurdles I’m encountering trying to get someone to loan against these properties, even at a 50% LTV (conservative estimates are each building is worth $225k - $250k).Some of the more common objections I’ve heard are:“We don’t loan to out-of-state owners.”