Or just perform option 2 and see what happens during the rainy season and winter?

Worst case scenario is being sued for specific performance, or being sued for the delta between your contract price and the eventual sales price.

Yes, you can sue for specific performance or for damages if your sales price ends up lower than the current contract price. 

Perform your due diligence, calculate potential cash flow and ROI, and if it doesn't meet your buying criteria, walk away from the deal.

Or just perform option 2 and see what happens during the rainy season and winter?

So, I am performing one or more cashout refis after the initial purchase event.

We will wait and see how four multifamily deals that we evaluated (two (2) separate 16 unit properties, a 20 unit and a 32 unit) will perform as things turn and develop.

@Russell Brazil Do we get a correction in r.e. prices or a boost from safehaven plays?

My long winded question is how does land traditionally perform in down markets and who are the people looking to purchase land in down times?

Very conservative model that typically pays 12-15% annually to my investors.I am in the process of raising 5M capital currently for several mobile home parks and have already been turned away by several of my long term investors because they have either:- taken a recent HUGE loss in the market (many had margin)- generally terrified of the economyI'm considering raising my return to the investor to boost it to over 16-20% but wonder if that will even do any good.