Key elements include paperwork, third-party inspections, and critical dates for due diligence and closing.

Terms for the seller 2nd have generally been 5%, interest only, 5 years.I'm only considering properties under this scenario that cashflow well immediately, hence the i/o payments, in addition to having a strong value-add element.

I can not imagine you'd get a permit with "just a box drawn on the site plan".....nothing showing plumbing, electrical, structural elements, etc. meet building code.

I am newer to this but have done years of research, read books, and read numerous posts on this forum.

Numerous rents How did you find this deal and how did you negotiate it?

Numerous rents How did you find this deal and how did you negotiate it?

I like how you point out the "technical" elements at play by mentioning the demand for MBS versus treasuries. 

The second estate he inherited was from his half brother; he once again operated their estate in a way to keep it whole and did not do land development; instead he started numerous business endeavors to keep the estate profitable. 

As to your numerical goal, you can certainly exceed that (and ultimately by a large margin).Most would-be real estate investors get distracted along the way but have lots of smart phone apps.

city / state reversed the law that made all drugs legal that was a bone head move .. and they finally figured that one out.. the next one they need to reverse is that any theft under 900.00 basically is just a ticket and not enforced thats also led to the rampant theft that has closed down numerous business's .