Have 1-3 buying strategies to your arsenal so that you can make deal with your own or others peoples money.1) Wholesale by assigning contract2) Seller Carry for cash flow3) Subject to existing financingAlso what is extremely critical is to learn how to manage rental properties if you intend to be a buy & holder.Best of luck

I'm not sure if you can still do subject-to deals.

And it's not cap gains, it's ordinary income, subject o SS/med also.

I believe it would be in your best interest to understand the local market around the subject land and weigh out if 3 bedrooms, 4 bedrooms, number of baths, attached garage, square footage, and etc. would fitting for the surround area.

Always remember to do the math analysis and try to look at prospective properties before you make your offer or at least have a clause in the sales agreement that allows you the time (about 10 to 15 days) to make a detailed inspection on the subject property and possibly back out of the deal without a penalty that will hurt you too much.  

There are new laws under consideration, but it looks like it will remain 100% illegal in areas subject to rent control, i.e. most of LA.

Prior to 6 months you are subject to a maximum of the purchase price and that is only if you paid cash for the property. 

Points and interest are passive income not subject to UBIT.Consult with your tax advisor before proceeding.

You might consider holding the deed in escrow, subject to getting the note.

Eventhough they will charge you they are usually worth every penny.Always remember to do a math analysis and try to look at the subject prospective properties before you make an offer or at least have a clause in the sales contract that allows you the time (usually 10 to 15 days) to make a detailed inspection and possibly back out of the deal without a penalty that hurts you too bad.