It is not a new concept by any means and the best facilities include the social element. I

The key element is that you must have a Qualified End Buyer under contract at the time the loan is made. 

I would like to meet up with any investor groups in the Brevard county area.I am a Doc of Physical Therapy - branching totally out of my element. I

I'm looking though some tax deed auction listings in Florida and I see that some parcels have oddball Property Uses (eg R/W Buffer, River/Lakes, Residential Common Area/Element).Is there ever any value in buying one of these?  

However, using it as a promotion or negotiating element is useful.  

Buying out of state forces you to learn all of the skills that you will need to scale, no matter where you are based e.g. delegation, hiring and managing a team, etc.In terms of selecting a market the most critical element is whether or not it cashflow.

Not just "I can do it" but "its' what I do" there's a huge difference between the two and the former using does not end well.Al that being said the single most important element is to know the market intimately.

One essential element is that you need to figure out what is going on and make sure you get a non-refundable deposit if/so when they bail, or you have to evict them, you are covered.You still need to figure out why they aren't getting a mortgage and whether, given those circumstances, the lease option is still an acceptable risk for you.Finally, if you are fixing and flipping houses, the opportunity cost of having your money tied up in this house essentially for ever is very high.  

The critical element is that you must have the intent to hold the properties for rental, investment or business use.

The key element is going to be in the chain of title: you've got to see who's liening the property, and who this guy is trying to dodge.