In North Dakota, the economy is moving so swiftly that, once you put the word out on property availability you promptly receive numerous inquiries of interest.

There are plenty of people here to help.It looks like you have a lot to share.

Are there other builders or developers you can shop the lot to?

Jon Holdman,I've talked to numerous Realtors in Broward and Palm Beach Counties.They all tell me the same thing.Foreigners account for at least 50% of the Real Estate purchases, and over 70% of those sales, are Cash Transactions.Here is a link to an article in the Sun-Sentinel today:http://www.sun-sentinel.com/business/realestate/house-keys-blog/sfl-february-home-prices-link-20130321,0,4332847.storyRaymond

Sounds like yo have a lot to share so looking forward to your posts.

There are numerous experienced rehabbers on this forum, such as myself, who would gladly put in more skin, do the leg work, and give you a better return whether it is through a profit split ratio or straight up loan.Going rate for private lending, I've seen, anywhere from 8% - 14% simple interest with maybe 0 to 2 points on the front end.

Had this issue been prolonged it would of been a nightmare to have the city remove these properties from "Watch List-Intent to Demolish" including court cost, setting a bond and numerous other issues..glad we dodged that bullet

Don't get me wrong I am looking in San Marcos, Austin, and Houston, but the values are in Houston.Back to your question. 100k is not a lot to get into MF.

He is a first time landlord, and I am afraid he will turn me down since it will probably cost a lot to have done.

What I know from experience and from making numerous phone calls is ONLY the HOA stands in the way of me my chosen profession.