I can think of a few other ways to make use of the land, perhaps, to collect revenue, but for now, from an investing standpoint, how would you guys approach this deal assuming its a good one ( low monthly payments, no or very low interest).Is it uncommon to have contigencies in play in case I can't make use of the land or sale it to someone else within a timeframe so I'm not stuck with a bad investment?

(and some coins too ;)  When the current lease ends in a few months, I'll update the kitchen & bath, refinance and then move on to the next one.I love analyzing deals and playing with numbers so I'm open & intrigued to learn about all the facets of REI. 

I pieced together a deal analysis spreadsheet and did my best to estimate the repair and maintenance items that would likely come into play over time, but I'm writing to find out practically speaking how people manage those funds.

Example if the kids are playing in the backyard you would not be able to see them from inside the house (unless u were in the 3rd bedroom) 3) ARV price, not so concerned with this because people will pay top dollar for a turn key product.

Travis- We have played around with the idea of me living in the home at first (as we are told you need to be a resident for these kinds of loans) and then using airbnb to supplement as much of the mortgage as possible.

I am playing the cards that are dealt. 

Also, excel gives us IRR, xIRR, MIRR, xMIRR, so convenience definitely plays a role. 

That's a play there, but land is so expensive now that unless you buy it years in advance, your upside potential is going to be limited.You might have some luck with manufactured park development as there's a growing need for that product, yet it's not sexy and so no one focuses on it.

My wife and I are looking to buy a home next year and ideally would like to find a lease with an option to buyWe spoke to an agent and he said they could approve us as soon as we have two years of taxes for our cleaning company and we’re halfway through our second year now so we’d like to rent the house we finance basically is that something you guys would find realistic?

While both used to scare me, I'm confident they can be used well if the cards are played right.Happy to be joining the community, Kia kaha.Tristan