I'm thinking that creating a divided as opposed to undivided interest in the lots (in other words specifically locating what the ownership %'s own) would work. 

Have you thought of taking the house over subject-to the first mortgage instead of creating this new seller financed loan?

Great way to learn how to create and close deals - and any budget can work. 

I initially created an account to read the conversations and learn from the 'veterans' on BP.

As long as we can create a good estimate of expenses we can make an offer that still makes sense. 

Then I have an appraisal conducted with a floor plan that dictates a full build-out of the same space to create offices with kitchenettes, bathrooms, storage closets, etc. then should the 2nd appraisal still reflect a 9.0% cap rate or can the cap rate be lowered by the build-out?

How long does it take before that helps you pay down some of your debt or create a financial cushion?  

Reword it to engage with the other party’s needs, wants, and goals.This goes back to being a farmer rather than being a hunter.10.Create a Drills for Skills mastermind to practice and cementI already run a monthly Apartment Investing meetup in Richmond, VA.

@Mark Smith I am not familiar with this term, but you may want to ask your attorney, or whoever created the closing cost detail sheet, what it is. 

I have worked at the Newport News shipyard for over 11 years working on amazing naval ships and as enjoyable and interesting as a job that this is, I haven't been able to create financial freedom that I desire from just working here.