It also has a concrete foundation and drive poured for another 3600 sqft building that is cream on top.  

Cheers~Tara Piantanida-Kelly By using the phrase "take your chances" in the second option, it sounds like you are voicing your opinion in the question against option 2.That would be like asking someone which type of ice cream they likeOption #1 - ChocolateOption #2 - Boring vanilla

What he's politley trying to say is, it has dried up for those who were picking the low hanging fruit and failed to find the cheese when they moved it. 

I just thought of this amazing new flavor for ice cream, I call it Vanilla...Reason you don't hear anyone talking about this is because it is pretty much the most straight forward introductory path to rehabbing.As pointed out if you truly don't have any more money than fronting the $1,000 EMD then you might have trouble getting funding.  

Personally when I build up several hundred thousand I would definitely buy all cash from time to time if it would help drive a particularly sweet deal.I bet once I make a decent amount of cheese with this here real estate I'll be leveraging creatively to get into a house I like.

You and your wife are the owners.As it goes and grows, consider sharing title with the cream of the crop as TIC or an entity like an LLC later, but have them start out as lenders.  

Otherwise we are doing lighter/cream/tan walls that match a warmer/darker colored floor.

I saw one of those companies go down in flames.. that is highly risky. there needs to be equity so you can exit if needed.We did not play the hid the cheese from the bank game at all.. we wrote company checks changed insurance etc..

Maybe faux exposed beams in the living room.Black one wall Nordic style kitchen with gold handles, stainless appliances all matching manufacturer.Wet Bar near the Grandparent chair in the living room, either cream or black to match kitchen.Running water, a bar sink and glassware like a bar has.

She might have a million followers today but the picture of a dog licking a ice cream cone could offend someone, now she down to a half a million followers and income is cut in half in the course of a day. today but post a picture of a