if you were experienced then you could do this as you know the pitfalls, know what a good deal looks like and can calculate contingencies to cover when things go bad. 

The problem for me is here - and I know the pitfalls even as I'm saying it - but I'm posting it here to be able to see it hopefully more clearly: is a bird in the hand better than 2 in the bush?  

What are the pitfalls to look out for when selling land?  

Installment #9 Insurance Issues For The Real Estate InvestorUmbrella Policies- Avoid the pitfall of assuming they are a panacea.

I guess you fall as far as you climb.Now is the time for foresight for investors to avoid the pitfalls of hindsight such as the banks and insurance guys are experiencing today.Regards,

Any special pitfalls?

(What's the difference between a MH Park and a just bunch of MH lots together, I don't know)Around this county, MH lots are gravel and a concrete pad is nigh unheard of.There are currently other new MH parks starting up in Walker county.I'm just curious as to the pitfalls of starting a "park" (or just a bunch of MH lots with power and water with meters) on my 4 acres.Obviously, I'll have to pay for the following:- any leveling of land, which is mostly level already- gravel drives from road and for lots- water run and metered to lots- electricity run and metered to lots- septic systems for each lotAny input like "DON'T DO IT!

The product offered is a bit higher interest rate but no PMI (which I have currently, for the life of the FHA loan), plus the heloc for the flexibility of paying off debts and paying down my mortgage balance...Anyone have any advice about this strategy or possibly the loan product, I am a new father of twins so I'm hoping to avoid any possible pitfalls while getting my feet wet with investing.Thank you all in advance for the help.Tom

you can avoid most all of those annoying conventional lender pitfalls.

Wow- that sounds like a lot of extra work and opens up a bunch of pitfalls.