The bill is coming due for all the excesses of the public and especially the government.

After a quick read, I think this might have some potential IF you can carve out some of the components.Personally, I wouldn't care about the excess land.

While your strategy is not within an IRA 12% seems excessive.

We would receive interest in excess of 15% a year and our investment was secured by collateral in the property.

The city almost succeed in getting the excess units torn down. 

If this is in excess of your needed amount, you can still take the full amount.  

Wisconsin law doesn't directly deal with late fees, however you don't want to charge too much and have it seen as "excessive" by a judge. 

Most of the horror stories that I often hear are about supposed lenders disappearing with what was supposed to be down payment/deposit money so when upfront money starts getting excessive, you have to be careful.A certain Harbor Group is an example of such a company that did cause many members on here to loose thousands of dollars.

My plan has been to continue buying SFHs until I can generate enough excess cash flow to buy the asset types (large multifamily/commercial) I truly enjoy.

My score is still above 660, but the collections and excessive inquiries are eating my lunch right now.