If you are going to pay off $100,000 in 5 yrs that would be about $20,000-22,000 a year that you are paying to your loan.

funding with my own funds, but only paid 20k for the lot (4 unit lot) and plan to pay about 200-300K in building costs.I might just sit on it for 10 yrs as well... if I get 2K appreciation a year thats a 10% return.I also am intrigued on doing what indian tribes do - 50-99 yr long term lease on the land.as I probably could get $2000 a yr for the rest of my life.

If the cashflow cannot support regular major upgrades every 3-5 yrs will have to come out of your own pocket, ouch! 

Hello everyone,  My fiancé and me are moving from NY to Pembroke Pines Fla because she just got a teaching job at FIU.    We are trying to rent a place for the first year before buying  and we found an apt that worked...

They (via federal laws) will require that you retain the records for 5 yrs.

I am an ARMY combat veteran of 6 yrs. and a father of three beautiful girls.

It took me 1 1/2 yrs to find my 1st home and she never got mad. 

I've been an RN for 11 yrs and would consider myself half-burnt-out on the profession.

I was a financial advisor for about 3 yrs and made the switch to the real estate industry.

Any advice would be greatly appreciated :) Hi Alejandra,1 year worth of financials will most likely be a conventional loan if you're self employed and can prove so for the last 2 yrs (financials needed as in tax returns).Portfolio like others have said are generally a bit higher in rates depending on the area of the country you're in.