Ive reached a point in my life where Ive realized a dependancy on a traditional income is not the route I would like to take.The more I study real estate the more intrigued I become.

The NEW lease-option design...As I understand it, one of the requirements of the new Consumer Finance Protection Bureau, birthed from the Dodd-Frank legislation, is that ANY lender in an installment sale has to verify that the borrower is capable of repaying the loan, just like a traditional mortgage lender must.

I can't get an answer to this question: rather than paying their charge of $1,400-2,200 to create a Traditional IRA LLC plus another $1,400-2,200 to create a Roth IRA LLC, I want to create two new cell/series in a Texas Series LLC to save myself the bulk of the setup and ongoing LLC costs. 

I knew I was always going to get into real estate (it's just a part of my family and my dad is an electrician by trade), so for me, getting a construction management degree was the natural choice.

I have about half that amount in cash, but it would not my first choice to go cash poor doing this.  

@Jeff Plair If you're looking for traditional 25% down financing, you will have to pay a maximum of $14,285 per unit.

Something is only worth what someone else is willing to pay for it, so if they agree to sell below market that is their choice.

I suggest consulting with a local geological engineering firm to evaluate the options available for that specific site.The choice of foundation vs. crawl space depends primarily on two things as I see it, what is the market there and what is the structural fix for the soils.  

Success is a process, failure is a choice

I would always recommend financing with a traditional 20% down on a 30 fixed, putting money in it to add value, then refi-can out after 6 months seasoning period.