I hate big walls of text and believe most people do too. 

Typically people only get insurance on things that they own, or liability insurance for their own protection. 

So if you see a foreclosure, it's not a typical thing, and the people involved are not typical. 

It will familiarize you with the basic terminology and benefits.

You understand some of the basic concepts, but also have some giant holes in your plan.

basically if anyone has any tips when it comes to researching plots of land in order to make the right purchase i would greatly appreciate it get with a realtor. we underwrite land at no more than 10% of after built value. in our market we build under the average new build value which is about 515k. we like to be around 420-450k and smaller footprint about 1500 sq ft with attached garages. we build close to urban core where everyone wants to live and net migrations match up. but suburban is fine. if you give more context I can help but in most markets land is a buyers market. most people aren't looking at it or buying it. 

Heck my local credit union pays 3.5% on its basic account. 

I would consider the returns you have now - then run a different scenario where you put that money in a basic S&P 500 tracker.

These people are counting on you.

1) lease to own - Basically arbitrage model but use option to protect investment.