Terms for the seller 2nd have generally been 5%, interest only, 5 years.I'm only considering properties under this scenario that cashflow well immediately, in addition to having a strong value-add element.

Because he knows how to get attention and he speaks well about how to invest. 

@Jon Rosburg of course, happy to chat more if you'd like!

It depends on what you are spending on the deal.Sounds like it is about 50% expense ratio at 54.55% which I think is along with industry standards.The net income looks like its $23,543 for the seller.What is his interest rate?

I was looking at REI with my partner who has a great credit score - 750+, but looks like lenders would be looking at the lowest middle score which would be mine - 640.

Or does the tax now likely go up as you have 10 x smaller lots rather than one bigger one?

@Sharma Parth It doesn’t sound like the scope of work you described would require a CO.

Note that  if this goes well, I would want to continue making deals there.2.

Looks like Sean already told you about cfri.

The fastest and cheapest cost segregation is through DIY software, but it has significant drawbacks:  https://www.biggerpockets.com/forums/51/topics/1136752-expla...Some areas (like mine) have extended deadline beyond Oct 15th.