Financially though, I think that multi-units have a lot more going for them.Tom - Do you think that Brandon Turner's "50% Rule of thumb" is applicable to Nanaimo?

There are numerous turn key homes the market am looking at and many are the usual 3:2 @70000 and comp rent are 900 to 1100.

So, ultimately the value of this land depends on the commercial application.

I suggest goals to be numerical and measureable.

What follows is a specific example:New contract-for-deed legislation passed in the last session of the Minnesota Legislature empowers consumers to make more informed home purchase decisions, requiring disclosures by certain “serial” contract-for-deed sellers and amending the injunction statute as regards cancellation of contracts for deed.The 2013 Minnesota legislature has passed a new contract-for-deed disclosure statute applicable to sellers who frequently sell residential real estate on contracts for deed.

Let us know what the application fee, or the "lock in fee", or the "whatever scam name they call it fee" is.

My question is whether or not forms like a pet addendum, rental application, carbon monoxide/smoke detector acknowledgement etc. are state specific - I know the residential lease is subject to certain state regulations and will be asking an attorney about it.

You would need to see and confirm proper accounting of the contract balance and application of the payments.  

I need to make an application at this point and have her fill it out, as well as the first guy, and move forward trying to help these folks out.Then I need to verify how I get the lien on the homes.

Say if I buy in the City of lemon grove in the county of San Diego, my rate would be the County 1% + City 0.13% (ballpark sample, didn't look up actual) + sewer (if applicable) + trash (if applicable).