The property has 33 pads.  

Oh, and the carpet will probably need replacing generously every 7 years. at a cost of around 1300 each time depending on if they do the padding or not.

How many years will it take to fill that many pads based on your test ad?

That way people would be able to talk about a funding source/ partnership possibility without braking any of the rules.

Fully developed, we could be close to covering the entire mortgage within 2 years of purchase and padding our savings to look for additional opportunities.2.

So, we have these two homes and we have been looking for one in the area mentioned above, that is single story without many steps as it needs to be handicap accessible along with a seperate back house like a Granny pad or whatever they call those.

Firs things first, you need to go and talk to good mortgage broker like Kris or Ryan from http://www.krispedersen.co.nzsee what you can borrow first. you can email them them and feel free to mention my name. if you don't have cash to buy now, forget the US market and consider the Auckland market.It is a slower market now, with good opportunities, but still have Very good long term growth prospect, But not much cash-flow...you will be lucky to brake even!

The estimating programs the insurance co’s use pad the retail value high, that coupled with a GC ability to manage cost can yield profits as I said 50-60% returns.

Frankly, I'm drowning in lined-up arbitrage deals like this, without the capital to lock them all in.Besides reinvesting in more acreage, while the deals last, I'm strongly gravitating toward reinvesting these TDR profits into doing residential value-adding through duplex conversions of fixer SFR split-levels, plus a "residential RV" rental pad, for long term hold-for-cashflow.

Seller bought a 3/2 SFH as a bachelor pad.