So you make your money when you buy by negotiating a killer deal so creating instant equity, or buying a good business (high stable/increasing demand) with a moat so limiting competition.

Thanks I drive under the speed limit.

@Alessandro A.Banks will only lend up to their limits (ie. 75-80% LTV is likely the max you'll find for a non-owner occupied propert).As you point out in your original post, you're putting 25% equity into the deal that has already more-or-less been updated by the sounds of it. 

At a minimum you’ll have to get the lots surveyed, the new lines drawn up, submit them along with some application forms, they get reviewed by different people, etc.  

I also default to late fee's on Note payments and there are limits in each state.  

The trouble I am having is their application is very basic.

Second if you want to use $10k make sure you get a $20-30 k limit so your credit score is not affected too bad.

The sky is the limit!

Along the same lines, I know the county recently passed some laws that permit Airbnb and other short term rentals for a limited number (60) of days per year.

Along the same lines, I know the county recently passed some laws that permit Airbnb and other short term rentals for a limited number (60) of days per year.