Your tenants will be paying the mortgages off overtime, and when you sell, that will be a nest egg for your family. 

The interest carry will eat your profits fast especially if you struggle to get the project done and sold quickly.The best way to get started is by wholesaling.

@Alex Shin, It sounds like the money can be split up since there are two parcels, so they don't have to put all their eggs in one basket. 

Mold was put on this earth to eat up all the cellulose materials, leaves and wood and if we did not have mold the world would probably be covered more wood and leaves more than 1,000 miles deep.I have a clause in my rental contract (lease) that states something like; "Tenant has inspected rental unit and verifies that no visible mold is present.

“The day you plant the seed is not the day you eat the fruit” runs through my head when analyzing potential purchases.

@Justen JohnsonI agree w @Randy E. At

Getting $5,000-$10,000 for a private lender will take forever to save up as we have 5 children who eat that much money in food a month, (so it seems).

While it will possibly eat into your margins, it will allow you to own 100% of everything. 100% of a slightly less profitable business beats 50% of a slightly more profitable business, in my non-MBA opinion.

One service call per year will eat that up. 

They can easily eat into your cash flow and make changes that can really effect your investment.