I will like to know if this sounds like a good use of this money.

A little trick that we used when we wrote offers was the following verbiage on the financing:"Cash or existing credit line"It's not a lie and it sounds pretty much the same as cash. 

His lot is 8 acres but backs up to the Cleveland National Forest so he in effect has hundreds/thousands of acres.  

Sound like a good idea or would you guys recommend doing a home equity loan and leaving the rate and payments

Sounds like you're on the right track with your REI journey.

This sounds like something I migt be interested in. 

It's great to hear that you're interested in providing housing for fellow travel nurses - it sounds like a fantastic niche market.As you're getting started with acquiring rental properties, here are some steps you can take:To start real estate investing, educate yourself on various strategies, including analyzing deals, financing options, property management, and local market trends.

Hey Andy, sounds like a good deal at %100/occ.

That all sounds fine and dandy but from my experience with purchasing my first home, the bank wanted to a paper trail of where every single cent came from-- I did FHA 3.5%.

The place sounds reasonable.