When clients work on a tight budget, I advise them to reduce their design costs by utilizing a template.

Now if you approached me for a loan and asked for 67k and would pay me 13k in interest, with first position mortgage, and the total hold time was reasonable.

If you were to approach me, I'd tell you to have 30% to put down as well as have 6 months reserves (mortgage and insurance payments) on top of that.Of course, the property must be above board as well, and by that, I mean it needs to debt service the loan, have a stable occupancy level, good tenants, no large deferred maintenance issues, etc.

On the subject of acquiring as many as possible, look into creative financing approaches on BP - sub2, owner financing, etc and learn like crazy.

This is the very conservative approach, and if you decide to quit anyway, then good for you.

Gordon my approach to real estate is a bit conservative.

If a job is to be completed in a week, you're not really looking at any significant delays, but 90 days or more could get into some issues.These penalties will exclude bad weather, additional work ordered or required that are unforseen and issues beyound the scope of work or control of the contractor.As Chris mentioned, you need to look at your relationship as a partnership, a team approach getting the job done.

It has been abandoned but I am sure that the seller would be motivated to sale should i approach.

But all my assumptions above were loosely based on county set up (gravel roads, water meters, no civil design for drainage, etc.).

I was able to design a home specifically for that lot with a tremendous view of the mountains and over 100 foot frontage on the golf course.