I suppose the only real worry would be for a temporary time you're holding a rental property in your personal name until work is done and / or any potential inherited tenants have vacated.

What loan options are there for buying a house on a large lot and then splitting up the lot into smaller lots?So far I found a local bank that will do it as an in-house traditional mortgage.  

It’s painful and discouraging now but those feelings will only be temporary. 

Stay away from a "temporary" program that says they will fund the rent for 4 months or 6 months....no matter how "profitable" they make it seem because once the money runs out and that tenant tells you they can't pay the rent you will have a HARD time evicting them....especially here in California. 

the percentage is going to increase or decrease based on the amount of the transaction and what your title co. is charging you. 

The profit on the property decreases so much by hiring a PM instead of doing it myself it makes me crazy.   

Tracking multiple opportunities and following up on ones that may decrease in pricing, or a neighbor who knows a guy moving, etc. 

@Ryan O'HarraI'm not sure where you are located but in our current house we just added a temporary wall and a small kitchenette (mini fridge, microwave, coffee pot) and we currently airbnb out that space.

Here are a couple thoughts:1) Lower monthly payment, building equity, possibility of rental income to further decrease your out of pocket expenses sounds like a win. 2) You may have tax planning opportunities depending on how you own the property and how your business is set up.3) Around here, there are a number of office buildings that have various psychologists and counselors in them.

It is driven by mortgage rates and tenors available to buyers.As rates decreased over 30 years, most markets where supply is limited have seen a sharp decline in affordability.