When you have digested all of that and you still have questions feel free to ask on the forums.

So the buyers, must accept the fact they over-extended themselves, just like the lenders these days need to realize they did some really stupid loans.Here in Chicago we had a ton of people buy these sprawling tract homes in the far suburbs of Chicago that had HUGE kitchens and master suites, etc.

I worked in new construction clean-up for a tract builder I kept seeing so many things in the new homes that drove me crazy so I would make a list everyday for the builder.

Tracts are 5 and 10 acres.

Obviously tract-built builder's grade should never be compared to custom built.

I hear that if you write the contract up right you can make the sale of the property contingent upon getting 2-3 other people involved to purchase 2-3 acre tracts each upon closing...is that even possible and how would you even find these partners?

You'll need to put this all into a marketing package that a buyer can digest.  

I know his no debt ever position  is hard to digest as a RE investor, but he has great budget forms and advocates ways and reasons to stay out of credit card & student loan debt, car payments, etc.  

The problem I've found with BP is there is so much information and so many willing to help and give their advice that its overwhelming how much information you're trying to digest and focus on.

The problem is you don't have a tract record and will be a challenge (not impossible) to raise the capital.