Or sell it all to the new buyer and you take an option back for the vacant tract you ultimately want to keep.

Get an attorney who can provide notice and ultimately place a lien on the property if it's still not paid.

My advice would be to read the The Ultimate Beginner's Guide and other posts in these forums.

Ultimately, we want to own enough rental properties to replace our day job incomes.

I ultimately want to buy something and live in it, and I want to stay in LA, so while being a good investment on its own merits is important, what seems to matter most is that it be better than renting.I'm sure that this has been asked/answered elsewhere on the site so I'll be digging in to see what I can find, but it's the most burning question on my mind the last few days, so I figured I'd package it in with my introduction as well.Cheers, and looking forward to getting to know many of you over the coming weeks/months!

Location ultimately will determain ultimate profits in owning physical RE assets.  

Ultimately, time is going to be a determining factor in the success of most investors.I have been fortunate because I have learned enough over the years to handle most any situation.

Welcome Dallas, your plan sounds good and I can't recommend enough that you go through the Ultimate Beginner's guide at https://www.biggerpockets.com/real-estate-investin...You probably know it's a great starting point, combined of course with the BP forums and the experienced and helpful folks in here.Best of luck!

The private money lender was charged so ultimately I was charged.

So i am lost on what is best for me as a new agent to look into ultimately...