I stopped reading because I can tell you are basing everything in the post off of financial assumptions.

Nieto1- no2- most of Southern California, and east coast major financial / political cities - NYC, Boston, DCThese markets have always been good as they have high incomes and are desirable places to live.

(outside of going after your personal assets) Banks and financial institutions are too smart to be putting themselves in this type of scenario.  

With assets currently tied up in another project, a loan based on the income of the properties rather than personal or business financials could help leverage this opportunity.

Either way, we'd need to see strong financials and a strong sponsor with a very solid deal to get anywhere close to what you are looking for.Cheers!

@Terry Bickerstaff You could easily partner with a builder on a JV deal if there is demand for housing where your lots are and the financials pencil.

If it all makes any financial sense then proceed. 

Buying a property at 7-8% interest today, then having to refi again in 12-18 months at a cost of $3,000-5,000 when rates are back down in perhaps the 5% range is likely taking a step backwards financially.   

There's definitely a learning curve but as long as you're prepared for it all both mentally and financially, it can be extremely rewarding.Also starting up my first STR here in CA soon... just my ADU we're almost done with at our primary.

Financially, I am able to invest a few thousand, ultimately I would like to own a primary home though I am not too certain if it’d be in Las Vegas… prices are insane IMO.