I have excellent credit, no debt other than mortgages, properties with great cashflow and equity, and i still continuously struggle with lenders. 

I want some equity on the deal and am thinking 20% would be appropriate.

When I crunch the numbers I get a little scared because the cash flow is very low, I have found a purchase that would be positive in equity in the next year or two.

With the new Business Owner/Investor continues to pay the Mortgage with a service company so payments Principal and Interest go to the Bank as scheduled per the original MortageHow can the new buyer do a wrap (#subject to) with the #first #lien for the underlying mortgage where as the Seller equity is in the second position?

For a direct answer, we need to know more about your income and liabilities- you'll still need to hit sub 45% DTI to get a conventional loan, regardless of your equity position or cash flow. 

In order to make that happen, we are considering selling the land and taking what little profit or equity from that sale, and saving up to purchase property in this other location we decided would be more suitable for our retirement.

I would talk to a lender, they look at your Schedule E section of your tax returns and add back depreciation, so basically, as long as that number is greater than the mortgage, your property will be a net zero on your debt to income ratio or it will be at a positive best case and small negative worst case, so you only have to really qualify for the next property. 

Check your selling comps too though, you may have enough equity to buy another property close to you in Virginia that you could manage better.

At least I will build equity and have some tax advantages, or even pay a lower price as a result of the high interest rates.

In the end, a well-managed eviction process is beneficial to all parties involved and helps to maintain a positive rental experience for everyone.