The up side on large down or all cash is you minimize your risk plus fewer properties means less work and less headaches. 3 properties with large debt or 1 property low debt or paid off generating the same or more income as the other 3.

If you just rent the property and provide the minimal essentials you should be fine in treating as Schedule E

That said, there's definitely a delay.

My family owned the golf course that Amazon bought for their $350 million distribution center in Liverpool, and each delay and request gave me a migraine while trying to deal with leagues and tournaments.

To combine the two into a land purchase and construction loan you need to demonstrate on paper exactly what you plan to build and that the planning desk allows this without a conditional use permit/hearings/delays/neighbor complaints tying you up to wait 24 months to start.

Poor communication, long delays, big mistake.

Also, if the highest bid doesn't match your minimal price to make a profit - well, you're under no obligation to "sell to the highest bidder" (even though that's what your ad promises?

Rehab delay city allowed repairs during business hours only.

You can do a delayed purchase without any seasoning requirements.

However, lately I have been seeing appraisals come in lower than anticipated so be prepared for a value cut (Subject to your market of course)Lastly, you can do a delayed purchase and use 100% of the initial cost so as long as the loan amount does not exceed 75% of the new appraised value.