The population is almost half of what it used to be 2010, property values are going down, median home prices -1.5%,..You are making the classic nooby mistake looking at cashflow as your #1 criteria.

U cant take all these lots like you say and repurpose them.. they are all legal lots of record..

@Kadeem Kamal, consolidation from several smaller properties into one larger property is a classic 1031 strategy called a "consolidation exchange". 

I do both an email and a phone call I usually email first and do a phone call to ask if they have a phone number.Thank you for the advice, I understand the lack of creating equity but I feel like all I'm doing is the same as any other buisness which is getting a product, repurposing it for a consumer, and selling said product/service.

I seem to have timed some REIT investments well too - nothing I did, just classic DCO. 

I am supposed to enter the agreement with an LLC and I am wondering if I would be able to re-purpose an LLC that we set up in Ohio earlier this year but never did anything with.

Like Brandon mentioned - you sound like the picture perfect classic "DSCR Loan" borrower - dscr loans are made for exactly this typically - LLC friendly and usually the best fit for when investors hit the 5 or so property mark and hit a roadblock with banks, cash etc like you desribed.Check out this 12-part article series published here on BP on all about DSCR Loans, hope it helps!

Classic Don.. 

To me, this is classic armchair quarterback / lazy naysayer stuff.If you have money sitting in a checking account when I'm putting my equivalent funds on my mortgage, it means YOU are paying opportunity costs because your money could be working for you.

If there are, sell them and repurpose the money into that new market.