Trying to "flip" a somewhat negative situation into something potentially positive and long-lasting. 

It depends on your risk tolerance but I don't like to go more than 60-70% as long as I stay cash flow positive.

Where’s some of the best places to find real estate to invest in and have a positive cash flow and good equity and return?

Based on what you wrote, you don't seem to be in a great position.

For a number of years we felt we weren’t in a position to invest in real estate and we always had good reasons/excuses, but after listening to and reading so many stories I can see that we really should have started earlier.I’ve been consuming as much material as possible the past several months from books, podcasts and blogs.

Something that will move him to a better position and move you to a better position too.

It's made a big impact on my life and I look forward to being able to provide the same inspiration and knowledge for the future generations / community.I'm excited to finally hop in (both in the forums and into the market) and even more excited to meet you all in the near future.Gratefully,Colton Davis

Without any more knowledge than what’s contained in your post it’s an envious position to be in and there are a wealth of options available to you ranging from a joint venture to self performing on a new development to long term hold.The only people who will be able to accurately answer your question are a licensed appraiser or a broker(s) who specializes in land or commercial/residential properties.

Be happy and positive. 

Once the seller settles the lien, they can originate a new first position lien to you.