@Carlos Rodrigues, I'm not familiar with NJ, but check out the state banking commission's website.

My thought is I can buy the raw land, and sell it back to the owner of the main parcel, who recently purchased it from a bank as an REO.The property has access to a main road without going through the other parcel, but is currently behind a contiguous fence from the other parcel.Does this strategy make sense, or am I putting myself in a poor position by doing this.

Moving forward we will be using investors and banks to acquire our properties.

Not sure if banks want to hang on that long.

@Kenny Sibrian I would look at some of the banks online mortgage calculators as well as the official website of FHA loans.

From my experience (23 years), I will tell you that attorneys can be fed one of two ways. 1) appetizers or 2) five course meals.People see items such as operating agreements, contracts, etc, as a check the box kind of thing- "my bank requires an operating agreement so I will use my favorite attorney, Google, to obtain one".  

The difference between a Real Estate Investment & that of a stock investment is the ability to use the bank's money.You can't have a bank pay for 3/4 of your stock.

Some people consider a loan from the bank using "other people's money" or a credit card advances as "other people's money" but really it's your debt that you owe, interest you will pay, etc.  

I think POL explains that well.If you are looking for something that is nearly 100% - Buy some CDs.  

As morbid as this sounds, this exclusion would theoretically extend to employees, family members, etc.As the result of the Presidentially declared disaster, a document used in your 1031 exchange is damaged, lost, or destroyed.As the result of the Presidentially declared disaster, a bank or lending institution temporarily delays, or decides to not move forward with a mortgage.As the result of the Presidentially declared disaster, a transaction is delayed because of the inability to obtain flood, casualty, or title insurance that is required to complete the transactionDon’t assume that you’re automatically granted an extension simply because the above conditions are met.