You run the risk of getting yourself in trouble at your level of knowledge about wholesaling or at the  very least, wasting money and a lot of time.

But never had the county turn something back as you allude to, as @Don Konipol mentioned this can be a massive can of worms on many levels..

Make money leveling the hill, but also filling in the land with the low spot at the same time.4. 

Not quite on the level of SBF or Madoff buy up there for our industry. 

It's true you get a tax deduction for your mortgage, but you also pay taxes on whatever else you decide to do with that money.I would list all of your known investment opportunities, what you think the after tax returns would be, and a risk level 1-5.If paying the mortgage is a clear standout on that list on a risk/reward basis, I would spread out the $60k over a period of time and apply it to principal.You might have other goals like cashflow or reducing risk which might weight towards paydown also.

@Ryan Orr hmm, you've stated what you want to do and your experience level, but then asked such a generic question...Ty Coutts appears to be using ChatGPT to generate his answer - why can't you do the same thing?

Hi All,I considered starting a REIT to allow others to invest and build wealth in projects that I would start, but that was a much, much higher level than I actually have interest in pursuing. 

Nice big level lot for this older home built in 1980.

I'd recommend AJ's Inner Circle though for sure to anyone looking to get started or level up!

So, unless replacement jobs are constantly being created, your tenants will not be able to continue paying current levels of rent.