=============================================================================Side note:I want to apologize if I am coming off as being either snide or brash to anybody, but some of the responses I am seeing are equivalent to asking a hunter if he's certain he put the right end of the rifle to his shoulder.  

The shoulder seasons are starting to become greater in demand as well.  

I am not looking to profit on the sale so there is a difference.Since this is your first it might be a good idea to use a GC and look over his shoulder for this one.  

Listen to both guys on your shoulders--pay off the non-income producing debt before taking on more debt that does produce income.  

They'll finish the project on time or even ahead of schedule, avoid the many pitfalls during construction that can cost money and also take all the stress off your shoulders in having to organize the schedule, deal with any setbacks, meet with county inspectors, etc. so for the percentage they may charge, I'd say it's well worth it!

It’s going to be work but it looks like you have a good head on your shoulders about it.All I can say is that don’t skimp on the phase 1 environmental survey.  

Sounds like you have a great start, and head on your shoulders. 44109 has some great opportunities as well as several other areas.

The opportunity I see is for the seller get the responsibility off of their shoulders, get $600,000 in cash upfront, plus 50% of cash-flow until they have been paid a total of $1,100,000 (premium for waiting...).

I also want to congratulate you on having enough vision to expand into RE at such an early stage of your career - it looks like you have a good head on your shoulders!

A company like ours can provide them up to about 70% of that due diligence, but the responsibility still lives on their shoulders to trust but verify.Last but not least, I agree with Chris and that the "2% rule" is nothing but fantasyland.