Your constraining number to start will be sufficient reserves.

“Looking for investment properties to buy,” might be sufficient to generate a few leads directly coming to your email.

If you are more comfortable with a lease that you created (b/c you know it's a good one) that shouldn't be a problem, but a MTM would be sufficient with a note that you are waiving your normal lease requirements due to their long history of good tenancy etc.

@Devyn Caraballo some will even go to 100%, but will always require you to have sufficient cash reserves regardless for when things go over budget, or takes longer to sell, etc.

Just wondering if owning 10 properties with 5% equity in all of them is a dangerous thing or if that sort of portfolio structure is fine as long as the investor has sufficient cash reserves?

@Lee Sillemon III You do not want expenses that are a known quantity to "surprise" you and make a deal that may seem good turn into a dud.

So you'd say $5-$10k is sufficient for a new build?

If you think you have the ability to raise sufficient equity to do the deal your best bet would be to find a local developer with expertise in this type of project to partner up.

If you are late in the cycle for several of these, you'll want to have access to some amount of capital that will be sufficient to float the inevitable replacement of these items.  

@Nicholas BolconSeller financing could work, but the seller would need to have sufficient funds (eg to afford wherever she is going next which I assume is above ground, pay off the current loan, etc).The issue is the EPA holds the current Title holder liable for the environmental cleanup/impacts.