That makes me (as an investor) nervous.That said, you'll know far more about the individual bases and can probably assess the trajectory of what's going on in Columbus, MS. 

Hire a lawyer to assist in the purchase and to review the HOA financials and regulations pertaining to investors.Buy with minimum down/maximum leverage if you hope to gain true positive cash flow.Dead equity and HOA fees will seriously cut into your cash flow and turn the investment into a liability.

He wants to acquire his neighbor's property which is a 17,000 sq. ft. lot with an existing 1,650 sq. ft. house and add two more houses, subdivide the lot into three parcels, and sell the houses off individually.  

If you have credit up to a certain level, most counties do down payment assistance and have other kinds of grants that promote homeownership for people who don't have a lot of money of the greatest credit.

So as of now I’m one-man operation (on the managing side of the business) and time to time I have an assistant help me.

I'm also looking for any real estate professionals who would be willing to let me work for/with them on a part-time basis as an assistant, "bird dog", or whatever they might need so I can get some real world experience.I look forward to getting to know everyone!

As long the rates are competitive they are great because you don't pay origination...and it doesn't show up any place as a liability since it is just a contract between two individuals.

Your taxable income in Year 1 is in the top individual tax bracket, 39.6%.

Hey @Matthew Roberts@Jerry Padilla is an excellent person to speak with regarding the 203k loan.Let me know if you’d like any assistance with the property identification/acquisition side of things.  

Are there any brokers, investors or agents in Florida looking for an extra free hand to help assist with anything?