That is a great action plan... couple quick thoughts (for thought only, your plan is solid... always good to brainstorm, though).Given that our market is pretty competitive, have you considered the specific steps to transition from your home to the new investment property?

I have been looking for a while and this property is something very strange that I did foresee me even being interested in but I have a gut feeling and I am interested in at least looking at the property and evaluating my options for not only improving the property but also the next steps of this land after a few years of saving and community improvements. https://sar.paragonrels.com/publink/default.aspx?

@Sam Besong, while I am not an experienced wholesaler I will say it is a great success that you have even made the amount of steps forward that you have.

Review title commitment and survey to make sure to deed restriction and/or HOA in place that would stop you from doing 4 plex2) Meet up with City/County planning office to make sure 4 plex can be build and lot has enough parking spot . 3) Talk to an architect to get an initial foot print, layout and foundation type (i.e. pier beam or post tension slab) 4) Bid out to get estimate for both soft cost (survey + construction drawings + Permit) and hard cost (cost of building)  Without #3 you really cant get hard estimate Problem is that you may not enough time to hash out #2-4.. prior to closing the land .. 

ARV $183,000Initial Purchase $67,200Rehab costs ~$13,000Total cost in the property with purchase and rehab $80,200Allowable cash out with 75% LTV $137,250Closing costs were around $5,000Cash at refi closing was around $132,250Excess cash above what was initially invested($132,500-$80,000)= $52,250!

i here so many different steps that its making the process confusing just need to get pointed in the right direction  

You have to figure something for initial repairs.

Don't step over dollars to pick up dimes.

As I sit here planning my goals for the week I am struck with an overwhelming sense of fear, my initial thought is "Am I even capable of pulling this off?".

So many people never take that first step toward actually buying an investment.