His credit score is fine but his income is showing too low to get the loan, so I though maybe I could use my HELOC to make the purchase and do a Lease to Own.

Once this is determined you can select the best neighborhood and asset that fits your capabilities. 

A broker will be able to help you determine the value of the land. 

If I got a home equity loan for Property 1 and used the proceeds as downpayment for Property 2 and then got a 2nd loan for the remaining 75% purchase price for Property 2, when I sell Property 2, can I use the Property 1 loan as part of the cost basis for computing Property 2 capital gains?

I've been wanting to expand out of my market in Iowa, and see that the Winter Haven, Lakeland, Haines City areas are similar to purchase points as my market.

We have one other mobile home park and this property will determine my desire to buy more or sell.

Purchase price: $55,000 Fix and Flip Purchase.

If you want to combine two or more lesser sales into one higher purchase that is fine as long as your purchase meets the timing requirements for each sale.  

We often need to ask the right questions to help determine the best route for each individual.

Purchase price: $415,000 Cash invested: $90,000 MY FIRST RENTAL PROPERTY !!