Then you can develop a long term relationship with that banker and be on your way.Using this method, I was able to find a couple banks that can work with me on terms similar to what you outline.  

I just know when we visited the friends farm and he outlined about $80,000 in income he was getting for land that no one was using and as a real estate investor, that just seemed amazing to me.Getting paid for doing nothing from the government, getting people to buy his grass and he backs up to a landlocked nature preserve, so he gets paid by the government again to drive across his land so they can get to the nature preserve that they are studying for something. 

@YiBing T.What you are proposing is possible based on the interpretation of many tax attorneys, as outlined by @ George, but there is still some layer of risk if there is any perceived benefit between any of those plans.

I don’t think it would be good to source potentially properties exclusively from something like this, for the reason you outlined.

If you are ever going to borrow money later it will likely be at worse terms than the three loans you outlined above.I would invest any money you were planning on using to pay these debts downs on opportunities that pay greater than 5.49% returns.

Your outline above is correct. 

In addition, I would make sure you have created a rental criteria that outlines income and credit requirements as well as how you will treat those with a criminal background or eviction history.

Do you think building a nice website to outline all benefits of the lot size/location, nearby amenities, pretty pictures and video and a clean way to submit bids and stay in touch with me...would all that be overkill? 

Much Appreciated,Adam  Adam,You've done well to outline a very good plan here...and I don't just say that because its the exact one I started with:)  You are wiser than most in that you've developed a solid plan rather than just jumping in.

It’ll outline how to Make a team