I have significant investment capital and a couple of single family properties that I own free and clear.

I know a couple people who have done that; build relationships with local builders, find out what type of lots they are looking for and in which areas, and then go try and find lots that fit their criteria. 

There are a couple reasons why I'm a little hesitant to pull the trigger.1.

We (the landlord) did a walk through of our property a couple of weeks ago.

I've been sourcing private note holder leads for about 9 years now through some solid sources who have really streamlined the compilation process over the past couple of decades.

I also know a commercial mortgage broker (we bought his house and he rented back from us for a couple years) that is also an investor if you are interested in that info.

YesMove a used mobile home onto a couple acres.  

Find a mentor that will let you follow them through a couple deals so you can see how they analyze the deal, finance it, etc.

Please help me with a couple of basic questions...how long do you have to wait before you are able to refinance and pull cash out?

Let's say a plumber needs to paint a couple rooms on his rental.