The main negative is that the house must be in good shape.

There are more details but these are the main ones.My question is this.

My main concern was am I entering the acquisition loan details correctly?

In my experience (still limited but not a total newb) this manifests itself in two main ways:1.

Rehab costs are $15k which includes a new roof, new kitchen cabinets/countertops (one main kitchen, and one of the attic “apartments” kitchenette) and some touch up paint at the exterior.

What is your greatest hurdle in investing as of 2019? 

Hi All,I currently have a 1/4 acre residentially zoned plot of land under contract via a land purchase agreement with the owner on the main street of the Town of Mount Rainier, MD (PG County), and a couple blocks away form the DC border.The market in the area is pretty hot, and the lot sits close to 2 major mixed-use developments (one of which, Studio 3807, which has been called the biggest residential development in PG County).I do not own the property outright - the owner still holds the title & deed, and I am technically leasing it with the exclusive option to buy. 

First offense in this state is kind of like a DUII its going to cost you 10 to 20k.. in legal and fines.. one of my main guys ( who by the way has made over 250k this half of year alone with me funding his deals) he got tagged for putting a sign in the yard on a house he did not own.. neighbor wanted the house knew he did not own it filed a complaint .. and having to go through the legal and all.. he just knows now he needed a capital partner.. ( ME  LOL ) … But as long as you have Guru's and all the others on BP preaching that its legal.. well there you go.. but 99% of the folks will never do what you do and actually call the state.. and they will get away with it up until one time someone files a complaint against them.Anyway that's my 2 cents. 

You will receive no capital gain for full payoff, which is a main purpose of buying an existing note, i.e. the discount.9.

So, even if str's are allowed today, they might not be tomorrow.As for Daytona specifically, I know a little bit because my Daughter lives there and she owns a business on Main Street, right off the boardwalk.