It was built up, vibrant, and cool.That was my "aha" moment.Then I spent months driving different neighborhoods to identify strong pockets and ones I believed were poised for growth.

Purchased a condo and received an estoppel from HOA - had multiple special assessments identified plus seller's HOA unpaid dues listed and all were paid from proceeds at closing.  

Given the details here I'd say no, you should take any development thoughts off the table because to do that is not something one simply learns over night, there is a lot to it. $209k is very cheap for 40 acres, so that offer could be a person interested for hunting land and nothing I'd get excited over, and I wouldn't assume it means anything other than you could sell it for $209k. 

Jeff I did not want to leave you with the impression that this was a bad deal, just simply to say that all deals have their pros and cons.

Would refinancing now to simply gain a point (if that) on my current rate affect my ability to carry out one of these other strategies in the next year?

Account Closed  reality is 95% or more who think they can just pay to learn wholesaling will simply never do anything its VERY tough VERY competitive and a dead end for most..Frankly speaking the only ONE making money is the teacher.which I Segway in and I am thinking I should do this..

The study identifies with forensic engineering detail the immediate Bonus Depreciation 5, 7 and 15-year personal property class lives qualifying portions of a building that are normally buried in 27.5 year residential or 39 year commercial categories.The Cost Segregation Study was performed on the Asset Depreciation Range (ADR) and is based on a 40% tax bracket for State and Federal Taxes.

When you refinance you can simply use a DSCR loan for example to close in an LLC.

Use this to your advantage by identifying potential investment properties, such as undervalued homes or areas with strong rental demand.Start with a Clear Strategy: Whether you're interested in flipping properties, buy-and-hold, or rental properties, having a clear strategy will help guide your decisions and keep you focused.

Most PMs are simply calling in a repair out of a rolodex.