So, here's the situation;PP - 374,00O semi detached, nice house in the area, see entrance with finished basement.

It's nice to know I'm not totally alone.

They want a high cap rate when the local to out of state buyers with an exchange with tax consequences are willing to buy lower on the cap rate.If they want value add they are also up against developers and other seasoned investors in the states with a long track record already and relationships with these sellers.

Nice!

In addition there are elderly people in need of assistance by way of assisted living.Is it possible to approach a land developer (apartment or assisted living/health care) about entering into a 100 lease agreement whereby I make the land available under a lease but they develop the property, manage it, and maintain the operation?  

"However, I do believe the way many wholesalers work could be considered illegal.Putting a deal under contract, marketing the deal all over Craigslist, and then assigning that deal is a fast way to get fined by your state government and get a nice misdemeanor on your record!

Always nice to jump into this world with a partner or friend with a similar mindset to help you through the problems and setbacks that inevitably come up.

Rinse and repeat every couple years and you'll have a nice portfolio in a short time.As they say for Tempe: it's landlocked, and they aren't making anymore land.

I understand ever since 2005 when Dodd-Frank came into effect a lot of confusion has developed as far as how to tackle lease-options in Texas.

The one we're working is older and needing more work, but it will be nice when completed.