Hi Kris, welcome to the Indiana market 🎉Your plan sounds very realistic, especially with the flexibility to pay cash.

This sounds like an unnecessary and potentially problematic step.

You have the means to purchase and intend to offer owner financing (you) to the buyers of your lots.That sounds pretty straight forward as long as you are able to carry the loans and deal with any defaults.I don't have a background in raw land deals, so that's all I got.Thanks for the feedback and I will keep these things in mind as I move forward. 

@Treza Edwards sounds like the terms from a community bank in your area, is that right?

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

@Dave Allenhello. this is going to sound reductive but if you want something immediately cash positive... i'd go with a savings account.rentals are long-term cash positive. 

It sounds like that you have been getting ready for awhile.

If everyone would simply eradicate that from there vocabulary and replace it with "Realized PERFORMANCE".

It would be nonsensical to think you can easily replace that type of income in a couple short years.

Hey Jason, All sounds great, This area sounds promising for my next investment property.