The loan isn't on credit, which helps the DTI.Just make sure the lender doesn't make you sign an Equity Pledge Agreement at closing.

If you are comfortable going through the building process and have a builder that you trust you would probably get the best return by building on the lot and then selling and deploying that equity that you have now built into another asset via a 1031 exchange.

Once I have located such a property, I buy their property for below market, (instant equity) no bank qualifying, no credit checks, by offering to take over their loan and make their payments for them.

Any analysis into Okaloosa Island should look into the current infrastructural developments in the works in Fort Walton Beach - a lot coming up - that will have both positive and negative repercussions.

One note on the positing - I would consider posting on Facebook as well and maybe even Apartments.com, etc.

We both have great credit scores, equity in homes, and an ample amount of cash, we are just looking for a more efficient way to scale.

After a few years, you would start to see positive cash flow. 

So for now I would say my goals in REI are to learn as much as possible, build my net worth, and put myself in a position where I can decide whether this would be a viable business for me to focus my efforts in.

We feel good about this as it almost sold awhile ago for this exact amount and has been appraised around this as well.I'm in the unusual position of being able get financing from a private lender.

Well I'd love to hear more about how you structure it then to remove the fees and make it better than merely investing in equities in a Roth or something like that.