I am in the process of purchasing an apartment building that sits atop acres of unused land.

IMO: Being that you will have it under contract in 5 days, I would sit tight.

A .4 acre lot sits ready for mobile home to be set on it and rented probably around 425 a month.Cost would be 7k for land.

If you are borrowing from a sophisticated investors, then they would expect close to 10%, but if you are borrowing from family or friend that have money sitting in CD, then 5% would be reasonable.

Absolutely...and I've made good on that promise already as I sit here debt servicing a few of my properties right now.

One of their neighbor's parking spaces sits next to a broken sprinkler that is spraying water onto their car, dirtying it up or perhaps "damaging it" according to the neighbor.

Full-time flipping is a lot like sitting down at the poker table.

They don't need any work but probably won't appreciate much so I'm primarily after cash flow.The seller and I will be sitting down on Saturday and seeing if we can come up with a deal.

I was sitting here thinking you hadn't told them anything, and I thought, what on earth?

With an assignment in addition to possession, you sit with both pieces in a strong place that can survive most (if not all [I don't know of any]) challenges.None of that is an effort to say, do not worry about intervening assignments.