The current price of the house is worth about $900000.

Some investors also use a business line of credit backed by their cash flow, which can help with future deals.If you’re planning to scale, maybe start stacking that cash for the next property or even park some in T-bills for short-term returns.

I am currently in the Carolina Beach/Wilmington area.

I found this deal while looking at the deal next door which was a larger piece of land.

@Mattin Hosh I work with clients that invest in the Memphis and several other markets in the South.

They could self manage for several years, using the rental income, until the next phase of their retirement.If they have a decent amount of financial discipline, they may want to get a HELOC now before they build to get the most favorable rate.

How much are you having to pay the management companies?

While the market can go up or down in either investment, Real Estate is the only one of the two that offers income opportunities through rental income, that stocks don't, and can often help ride out the storm of market fluxes.Also, the Greater Phoenix market (that includes Scottsdale) historically nets 65K+ Californians per year. 

There are plenty of sites you can bid the vertical work through.

To find out the amount of the subordinate lien through the NSP program, you’ll want to pull the title report for the property.