For the past 4 years I've been focused full-time on the niche of pre-existing non-conforming land parcels and/or land that is considered undevelopable.Basically, I focus on rehabbing lots instead of rehabbing houses and I have virtually no competition up here in the New England Area.Is anyone else here doing this?  

What is the best way to best way to deal with the existing tenants? 

This policy will provide additional coverage above what your existing policy covers.

Why are you starting a new thread when you posted this same stuff on an existing thread? 

we did that except instead of renovating it we knocked the existing home down and built a new primary. right after we were completed we had $500k in equity as we acted as the GC on the project. 

Check with an architect first to be sure you can fit your vision into the existing lot, as it's zoned currently.

Consult your tax professional: while podcasts are great, make sure you have an existing relationship with a tax professional you can trust.

I'm thinking of selling my personal residence on a wrap, but I wanted to see what you thought about these approximate numbers (rounded for simplicity):$140k sales price$30k down payment from buyer$95k owed on my existing mortgage @ 4.875%$550 P&I monthly payment ($650 w/ taxes and insurance)Seller finance the $110k left w/ a wrap w/ a 3 year balloon.

There is a lot more state regulations and lending laws change when 5 units or great.

At the moment I have only been looking at SF and 2-4 MF I would not mind either just making the numbers work is hard. 2-4 MF are hard to find in the Las Cruces market right now but they exist.