Very helpful, thank you John! 

I have enough for 20% down of the $7 Million I would have budgeted for but wouldn't have enough again to cover the acquisition cost and then interest payments on a construction loan.Any help is appreciated Thank you

Hey Ray,I actually have some real-world experience that might help here.

I would suggest if you are in need of help here to just have an accountant look over your entire tax situation and do it for you.

So I definitely need to do a better job of getting the lots entitled (permitted) by starting the process well before they're needed.That being said, that permitting process and the area itself create a very unique situation that I believe helps deter anyone from coming in and doing large scale building.

Some greatly exagerate the after repair value and way underestimate the repairs.Hopefully your previous experience will help you pick out the best deals.

Most helpful response on the site I found.

Always pay down your high interest debt first.It only makes sense to invest cash when it can provide a greater return on your money than your debt can.Hope this helps

This will help cover the cost of the equity pull.

Would be happy to connect and help answer any questions.