@Dawit Wo  Bear with me for asking, why would you agree to 5k down and 0% interest? 

Where I work and where the investment properties are/would be are about 150 miles apart.

As you decide, bear in mind that you can't just 'fill in a pool'.

Those assumptions may not happen on this deal all on its own, BUT if they are reasonable assumptions over the course of many deals those assumptions should bear out.5.

I don't know you, therefore your opinions or your take on me and how you view my words, have ABSOLUTELY no bearing on me. 

Hi folks,My wife and I have a construction to permanent mortgage loan on land+home where we intended to build.Unfortunately, we found out that unexpected foundation work due to soft soil would likely make the project use triple our contingency reserve before even breaking ground.We are exploring our options on how to transfer our current financial obligations for this construction loan to some other loan offering (as moving forward with the project is now too financially risky).

Dabbled in some low risk first position debt and credit funds.During this period he was also a vocal bear on the market, including here on BiggerPockets.

In your case, it sounds like some non-load bearing partition walls were removed creating a larger bedroom which is pretty insignificant.

A different/maybe possible way to go about it, is to find a plot with utilities on the outskirts of your town (may not be possible, I have no bearing on your local market), then buy a mini home.

Foundation check and soil conditions 2.