Depending on your state, you might consider a Land Trust. 

I think it depends on your learning style and how much time you have to put into this!

From there its really dependent on the language in the sales agreement.....Does the sales agreement contain a liquidated damages clause? 

The cost to knock down and build, depending on int. finishes, starts at $350K This project I would anticipate around $450k build on top of the aquasition, and FMV comparitavely is 2.3-2.5...no?

I work with lenders who need to see that you've owned the property 3 months, some who need to see you've owned it 6 months, and some who need to see you've owned it 12 months, so it really depends on which lender you go with.

It depends on the intention and actual facts, in other words it's case-by-case. 

Plant City we are working with an owner with a 2 acre parcel to get approvals for a 10-20 unit depending on the density we can get approved with zoning or planned development.

A lot of your STR success will depend on you, your systems, your rules, and your common sense.

It also really depends on the actual product.

The seller can disappear from contact over time and not be available when you go to sell - you need their assistance oftentimes depending on the lender.12.