He states a loan amount of $60,000.

There are three safe harbors that businesses may use to meet the test.Half of the amount the business spent on services were for services performed in a QOZ.Necessary business functions and necessary tangible property was located in a QOZ.Half of the hours of service received by the business were performed in a QOZ.A business does not need to meet all three safe harbors to qualify.

If you know what you want to do with the cash and have an immediate need for a larger amount, I'd recommend a cash out refi over a line of credit.

Even small, consistent amounts add up over time.Learn & NetworkKeep reading REI books, but also join real estate meetups or online groups like here on BiggerPockets.

I am looking to either buy land or a tax acquired property to fix and flip for my first deal.

The ones that worth purchasing likely still need some amount of work...

You might have fixed it up nice but modular homes here have serious ceilings on value, even on a permanent foundation. 

The amount you see as the sales price may mislead you.

Quick question, is there a stock symbol that tracks the daily 30 year fixed mortgage rate?  

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.