I expect appreciation to grow rapidly within the next 5-7 years. 12 years to get my money back isn't aligned with my goals but I am interested in how to make this better or have a better understanding of knowing when the deal just doesn't work.

Great work, and I'm sure that you will rapidly move towards financial freedom with all this in place!

It is all very rural currently, so building anything major now to try and rent out would be a crapshoot, but the urban sprawl from Orlando has swallowed Apopka and is moving Northwest rapidly, at some point in time this 10 acres with frontage will have a great traditional commercial use.  

Delayed financing, where they rapidly refi you at after a cash purchase will usually be for 70% of appraised value or PP, whichever is less.Easiest for you would be to buy with seller financing with a small down payment and wait a year to refi.   

In my experience things will be sliding downhill rapidly for now on. 

This has nothing to do with Obama but the simple reality that legalization is spreading rapidly across the US and the Feds are limited to what they can and will do.

Seems like the market has softened and rents are rapidly heading lower.

The BRRRR strategy is predicated on a rapid increase in appreciation and equity in order to successfully complete a cash-out refinance.  

Markets change rapidly.

The market in flipping grows with rapid appreciation and once saturated corrects itself.