Here's the kicker...this is my first investment property, so it's a big undertaking..

It was my first major undertaking and I learned a LOT.

I would also recommend you consider the cost to undertake vs opportunity cost of not undertaking that process.Once you compare all I can say you should have a decision which should be beneficial for you and your family

Noss,I believe it all depends on what you are willing to undertake at current time.

We've got connections to some pretty talented SEO guys out there and were thinking about making a service available to our members to help with managing their social media and search marketing.Before we entertain such an undertaking, we'd like to know how much actual interest there might be.So . . . if you think you might be interested, let us know.Thanks!

I also have some lite graphic design and photography skills.

Now, what follows assumes that the locality where this property is located performs inspections on change of possession.That clause in your agreement means that you the buyer would be subjected to inspections BEFORE closing, rather than the seller getting such inspections performed (as would be customary where I am located); typically, code enforcement will issue a temporary or conditional certificate, with the expectations that you will undertake the repairs that they identify.

Chris - the graphic you recently posted is completely accurate of the "Home Equity" loan they offer however if you go on their website and specifically search for home equity line of credit, they also have information about the N.O.O. line they offerhttps://www.penfed.org/home-equity-center/home-equity-line-of-credit Under their logo on the top left you can toggle between loan and line. 

I do know that getting into a full gut rehab on a duplex is quite an undertaking for a newbie so if you go at it alone, be very careful.Another option is to partner with an experienced flipper in that area.

The parcels are mostly rural vacant land.Our software is in three separate modules1) Manage the inbound acquisition inquires (CRMish) and the acquisition process.2) During that time engineering completes maps and other graphics and files to get it ready to sell.3) Then sale and then post sale payment management.Do any of you folks use an out of the box program that may bring us into the 21st century?