I assume you meant, regardless whether the person named in the note actually lends their own money, it's still owed to them because the agreement is binding. 

I assume you mean that unemployment was 5.7% not 22.2% haha, but are you just talking Pittsburgh Metro, or Allegheny County?

Again, this is typically for those with larger portfolios of "residential" rental buildings.MN is very much a wind/hail prone state (assuming that's where you mostly invest). 

I'd really love to be able to give back one day, haha, assuming I ever become successful. 

I assume you can't have tenants while you are building on top of them.

(that is, assuming you've hired an agent with experience, market knowledge, and the wisdom to be able to guide you to what you're looking for). 

Hi John, When you say rehabbing land, I am assuming you mean re-zoning and selling the vision to an investor or buying land and subdividing it?

I assumed some would need replaced, which would be okay, but I would hate to see it all trashed.I guess in that vein though, I hear that a lot about LTRs -- the horror stories -- and we have been blessed with amazing tenants (generally) so I was thinking it would be along the same line where it would be something where you would want to charge high-end and screen intensely to try to get a tenant that just is transitioning and can benefit from the furnishings.I know that could still happen though, even with all the precautions you can take, so it's something good to consider! 

And assuming a 0% return on the $200k you could have in the bank earning $10k/year if you sold. 

Essentially giving them 30 days to vacate (assuming you can do that in your area).