But there are other areas that seem to be drawing more attention, most of which are already pretty nice: All over Orange County. 

The downside was the bank required that all draws be paid to a GC that I had identified and contracted prior to closing.

Now let's say you buy a FOURPLEX......again....not a duplex or triplex, but a Fourplex and you OWNER Occupy it.....it appears you can evict the tenants (and put your own tenants in) if they (have been living there less than 5 years, are not over 60, are not disabled, and are not catastrophically sick.In section F on page 3 of the following link it states that Just Cause Protection Applies to the following..........file:///C:/Users/bgarlington/Downloads/OAK036393%20(2).pdfA rental unit in a residential property that is divided into a maximum of three units, one of which is occupied by the owner of record as his or her principal residence.

My family owns 5 acres in Florida and we would like to divide it into smaller lots, put individual septic electric/water/septic in them, and rent them out to MH owners/tenants.

@Andy V  Thanks for the insight. yea that was the only draw back i could think of.

The forums are divided into topics and the site has a search feature.

100% funding with no fees, no draws, no appraisals.

The attorneys will draw up an agreement.

So that 11% is not divided by 3 for your initial question, it's 11% per year, which is how @Chris Simmons gets his numbers for the interest only payment due on $80K.

Sorry for the long post, Its the weekend and plus it's Memorial Day on Monday, so he's not in he office..... just trying to do some of my homework, so I can know what he's likely to say , and especially of he'll be able to draw comparables, once I add in the closet and window on MondayThanks so much, I really appreciate it