You can enter into a new contract on the 91st day.You may be able to find a conforming lender with no seasoning requirement, provided you adequately document the improvements.

In any case, before making a real estate investment, make sure you have adequate cash reserves or credit available to cover any vacancies, repairs, or other unexpected expenses (emergency fund).

Now I am stuck in a spot where I have to find buyers and sellers or I don't have adequate revenue coming in.

Employment also seeks skilled workers for the type of job functions needed so it should be somewhat of a prerequisite in my book to have higher education institutions in the area.Job growth - generally, the attractiveness of a particular area is determined at the state level where grants, taxes, other incentives are determined. also, as aforementioned, an adequate workforce pool to pull from.In viewing investments, the buy and hold portion of the scenario is concerned with appreciation; And as we know, there must be cash flow to make the investment worth while.

Your numbers seem adequate.

Just realize that bigger doesn't mean more $ all the time.If the land you are looking at has adequate street access, for another driveway and the minor subdivision is approved, meeting regulatory requirements, you could have a deal.

If a Hard Money Lender makes a loan to an owner occupier, the regulatory judicial system sees a potential predator who was trying to make a loan-to-own deal on bad terms, who probably did not vet the borrower adequately to determine their capacity to pay.  

The documents we provided were not adequate and they did not care to clarify what were the right documents.

If Landlord grants permission, Tenant agrees to take precautions to prevent injury and also to maintain adequate insurance coverage.Note: By at least addressing this scenario in our property rules in this way, the tenant will be more likely to ask for permission before just going ahead and doing what they will.

Sketchup has a free version that is pretty good and probably adequate for basic plans an visualizations.