A strategy to consider is pay renovation bills out of savings and depend on a HELOC for emergencies.There is a "once in a lifetime" risk factor to consider.

I've been in real estate for 2 years now and I still haven't closed on a deal.I think its mostly because I'm doing it part-time and procrastination has been a big factor even though I recognize it :(So I was curious to know, how long did it take you to close on your FIRST deal (wholesale or rehab).

I'm sure these factors are taken into consideration but not sure how much weight this will hold.

So location will be a major factor in determining the potential strategy for the park.  

There are other factors that go into establishing these entities, so it's important to get the full picture for any solid recommendations.

Since the property was vacant for a portion of this time, the tax rate was multiplied by a factor of 10 ( as per DC vacant property tax regulation ) which explains the cost of the tax lien.

So really I didn't negotiate at all because I thought the numbers worked for me and time was a factor.

I'd probably split it into 1/4s....1/4 to pay off as much debt as I could... factoring in what debt costs me the most.. for example if I can make 6% on the money, but I'm paying 9% on something else...

@Javier Perez, I understand that insurance where you are is outsized compared to other markets, but that's not the only factor when considering the difference.With a condo you still have to hold insurance on the unit and you're paying for the complex's master policy through your HOA.

His plans were approved by the powers that be.I was looking at adding on to a 2nd garage in Washtenaw county and the most limiting factor is the county requirement that it be at least 20 feet from the property line.