Lets ask this guy, whose only asset in the entire world is this lot, to front it for me so i can potentially make a killing.

I am currently looking to obtain a list of recently filled divorces, bankruptcy, and evictions.

In my experience, investing out of state in a single family or small multifamily is fraught with risk:1) You won't be an expert in the area (unless you've lived there)2) You have serious tenant risk (1 bad tenant can ruin years of returns)3) Good quality, small asset property managers are tough to come by

I agree with @Patrick Desjardins you can only use the amount you paid for the asset plus any expenses for your cost basis. 

What are the requirements in terms of how soon you have to move in when you obtain one of these type loans? 

Hello, A GC partner and I are working on a proforma to determine costs for a potential rehab project of a historic building and targeting 25 units in MA.Can someone recommend a cost per unit for property management companies to use as a reasonable baseline as we obtain estimates? 

However, we are currently under contract on the 20+ acre property, contingent on my Dad obtaining a refinance on his home.

Contributions are tax deducible and for 2018 can be as high as $55,000 or $61,000 if age 50 or over.Solo 401k assets accumulate earnings on a tax-deferred basis.

Plus if you pick a cool area like near downtown you can get into an expensive asset and live very cheaply, in a good area, while building wealth.

Also, I sought to obtain a property with a good chance of gaining some equity in the coming years.