Putting all this action into a partnership tax return reduces the risk right back down to an acceptable amount.Second, with a partnership tax return, we can mechanically show your capital contribution (at-risk money) including recourse loan debt.

They'll likely want you to use the money you're making on the sale of the lot to partially pay down the remaining mortgage since it will be for a smaller remaining amount of property which makes sense to me from their point of view. 

Save for down payments and reserves by creating a budget and considering side hustles or additional income streams.

Becoming a successful investor won't boil down to a single eureka moment.

I am hoping someone on here has gone down this road already and can provide a referral or some tips.ThanksBrian 

I often sit down with new investors to strategize. 

Another tool I find helpful is the Stipend Calculator https://www.furnishedfinder.com/Travel-Nurse-Stipend-calcula...It's similar to the stats page but it breaks down key amenities at the property.

I was just down here this week do you still own this lot? 

., you might be cutting it way too close to really do anything. 15k is the bare minimum I suggest for reserves or oh no money on any project so that doesn't leave you a ton left to work with.As @Glenn Banks said, 203k is probably your best option because it's an FHA loan and you can do low money down and the reno is baked in, but the reno is complicated.

I’ve already got a land loan because I’ve been looking for my own land to build my forever home but this property made me see dollar signsLand loan is 0% down at 7.5% for 20 years.