If you go this route you’ll need to start developing a relationship with a local lender.

The chip recession of the 1980s was its worst up to that point in its history (subsequent chip recessions have been worse, but not much worse).The strategies and methods I developed became my money habits that define who I am today.

Then, over time as I developed a track record, they started feeling more comfortable lending me a higher percentage of the purchase price. 

It's best to be conservative when thinking of prospective numbers.

There's so much of this country that hasn't been developed or even touched yet.

We had already extended closing by thirty days at this point for due diligence as the property was industrial land the we plan on converting to residential development, so environmental revue and such needed time to come through. 

Looking to start developing relationships with general contraxtors in the Indianapolis, Indiana area. 

Buy a few with any non-essential cash as a way to diversify, and as you keep an eye on rents, development, and mortgage rates - begin to figure out how you might finance construction.      

Plus my initial thoughts for purchasing were strictly for a rental eventually, and I'm in a great A location next to so many things, and Portland has already started spreading out where I am and developing the area for huge growth. 

The problem I’m seeing is that there are a lot of single family homes on the market that could be good prospective deals but since there is a surplus I’m concerned about vacancy.