What is the recourse for the tenant who signed the lease under each individuals name?

I can't tell if you want to buy land from an owner who finances or if you have the funds to buy and then sell the lots with you being the owner who is financing to individual lot purchasers?

In smaller towns, this is usually a specific individual within the Planning Department. 

It gives me another exit strategy by having the option to sell off individual properties to retail buyers if needed.

Whether you've lent money for an individual project, or you've invested in some sort of fund / group, I'd like to hear about your experience! 

I believe sometimes a bad experience is more reflective of the individual than the company. 

Thanks Luka,I'm sure you can find a banger deal in Tampa or almost anywhere for that fact.Just work the market.Nothing works unless you do lolFor example, we buy a $#%@ load of motivated seller lists and my remote team cold calls all day.They are polite, professional and persistent on the phone.Keeping good record and track everything.I'm confident that if we re-target any other market in the US, we could find deals at 30-50% of market value.Just gotta smile and dial lolAll the best mate

Individuals are purchasing these properties, rehabbing them, and raising rents.

I focus heavily on the sell side and on the buy side only work with high net worth individuals so the newbie wanting a 400k multifamily with an FHA loan probably isn't for me. 

I dont know of anywhere that you can cashout $270k against equity in an RE portfolio without closing/origination costs other than through a private banking relationship as a HNW individual.