So your $300k number might be what the flipper sold the final product for, less what they purchased it for.

So I call many "Deferred Specialist" and they finally advise me to do 1031 instead because if the LTV is not less than 50% and the sales proceed are not large enough -- it's not profitable for them to work to manage the Deferred Sales Trust AUM. 

The Surveyor finally showed up, two months after we started. 

I need to learn more about the dsts including tax ramifications, depreciation and finally liquidity.

@Luke H.Hi Luke,  As a private money lender myself I will focus on one element of your deal---5 years is a long time to be finally paid. 

After talking things through with the boss "wife" I finally received the okay to invest into real estate.

When I arrived for the final time I had found out no work outside the frame of that picture was completed.

Also consider contacting houses that look vacant, simply door knocking in a neighborhood that you are interested in and talking to the homeowners in a genuine way, For Sale By Owners is another potential, using an App like Nextdoor or Facebook pages/groups related to local real estate and just telling the group what you are looking for, contractors also know about houses coming on the market soon and so do property management companies, and finally garage sales are a good way to find off-market properties as people prepare to sell.To Your Success!

Finally, of the extra $200k, how much are you putting into operating reserves? 

We finally made it across all locations and completed both trimming and thinning trees.