On the debt side , there’s 2 reasons , 1 personal reason I can’t explain but the other is I find it less stressful knowing I don’t owe the bank anything and they or anyone have no control over me .

I would think you need to some serious landscaping to get the land pitched away from your house or install some trench drains to control the amount of water getting to your house.Adding concrete or building the house up 24" seems like it would be way too expensive to expect a decent

I would like to present them with a comprehensive plan to develop these properties to turn into a worthwhile/profitable venture that can be a win for all.

But, usually your business ventures will be part of the lender's qualification process.Good luck.

@Stephen CuccMost of that market is $5mm and up; controlled climate and your playing with the REITS. 

Some top 5 or 10 list is good.Front-end load percentage, Management fees.Capital Gain performance over the years (buy 2011 and exit 2018 of course has better gain)Distribution performance vs projected distribution.Thank you very much.I have some lower cost single family residential rentals, thinking of rolling them into DST, give up the controls, gain some freedom (knowing we still have to do due diligence when projects exited, hopefully less works) , creating a stream of income and preserve capitals. 

(It's NOT in a rent controlled area.)I'm planning on giving them a 60-day notice since the rental market is so tight here. 

I've never really ventured around Johnston County other than work since I live in Nash County but I definitely want to connect and hear about your journey.  

If you pay her market value for the property through a lease option, she may be ending up with more money than if she sold for a cash price discounted for cash.Meanwhile, you control the property for a couple of years, I guess with the intention of being able to finance the final purchase once a track record of profitability is established.

I will admit I was complacent on finding out if there were new restrictions or caps on the amount you can legally increase rent with the new regulations on rent control since I did not plan on increasing it.