You can only collect up front what is the payoff amount. 2.

The other thing is that I’m looking for properties where we can add a decent amount of value (30-50k in rehab) but have mostly found an overwhelmingly amount of newer properties.

If you have a decent amount of equity in your current rental why not HELOC or refinance and just pull money out of your rental to fund your next deal.

And I have about 5x the loan amount in liquidity. 

Beavercreek has many nice homes/condos and generally attracts a higher tiered tenant for that rental amount.

They also have no restrictions on the amount of vehicles they can have, and the contract specifically says that the tenant can cancel the contract at any time. 

How do I calculate the rent amount on a vacant lot?

Often, the tenant pays at least half of that amount.

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bpThe second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

Haha from scared to death purchasing 16k crap duplex and took evert amount of me an my wifes money to get had to literally do everything to get fixed and rented to 18th property in next month 3 years to spending 80k not thinking much of it.