@Jane Trust Ryan - congrats on your purchases. 

The part I'm navigating is that I need a specific piece of land for the project I want to create.

If its specific to the Detroit, MI area even better.Thanks

Hello Everyone,I purchased my NACA home more than 5 years ago, and I obtained a HELOC on my home last year.The financial institution that approved and funded my HELOC was fully aware of the NACA Lien on my home and continued with the process either way.Also, I am not in violation of the occupancy requirements.What would NACA's actions be?

You purchased it with a HML, and are now rate/term refinancing the $1.5m (75% of $2m) hard money loan for better terms b/c you show six months of stabilized rent, the T-12 and rent roll with the monthly breakdown shows a clear trend towards where we are at now.Your hard money loan matures at the 2-year mark, but you weren't silly enough to call me at the 1 year and 11 month mark, so my partner lenders that have great terms, but move slower, are on the table.

I understand that the most basic formula is ARV - purchase price - rehab = profit. 

There are some non-financial reasons for having to buy a new construction that are out of my control, but I'm looking for advice in helping me decide the best route between 3 options (purchase will be all cash): Option 1: 3 bed/ 2.5 bath townhome in Wesley Chapel (near the lagoon). 

Any specifics about unit size, location, etc?

I am currently looking at purchasing my first rental property there a single family 3 bed 2 bath .

I'm sure this question has been asked a hundred times, but I recently purchased a duplex in May with a 7.125% rate.