He is asking $500,000 and is open to carrying half through seller financing with half down but I don't know if that's the best option.

And be sure to check with folks other than your family banker (where you carry all your accounts) - you'd be surprised how much price / term shopping can save you on each deal, especially early in your process.

Maybe that was your plan.Ten houses fully paid for can bring in $10,000 a month and take very little effort.35 houses cash-flowing $300 each can bring in the same amount of money but require far more work and carry far more risk.What's your goal?

If im willing to enforce my beliefs and carry it out in a business manner, I don't see the big problem in the headaches.

to make any money at this unless your a very large vertically integrated reseller of recreational land and can carry all your own paper.. there are a handful of these companies in the US>.  

And, if you can’t actually benefit from the depreciation that year, it will carry over help you on cap gains I believe.

The contract is not contingent on clear title . it only says if the buyer does not agree on a cloud or lien or anything that clouding the tie they should notify me within 20 days of me receiving the title commitment . which should jave been done but not yet . and that commitment should have been done 5 days of signing the contract which was 08/14/2018 The contract also says he can assign or relist it on MLS but he is not licensed some other broker did list for himI spoke to the PA realtor commission to check his name if he carries any license and he does not.

I don't know if I should do an owner carry?

The most I do is carry maybe a dozen boxes out per week to my car, so I don't think the township is going to come down on me any time soon.

There are three costs you must be very familiar with LandSoft (carrying costs, entitlements, impact fees, association if applicable, maintenance, etc)Hard (home construction as well as site construction)Have done numerous MF and SF developments.