It all depends on what you want to do.

Depending on the neighborhood, parking in Chicago goes for anywhere between around $15K - $50K.  

Depending on the town in Jersey you might find it easier to rehab than build.

Do your research on the Internet to gather as  much info on these types of money scamming companies.

Is it dependent on loan-to-value?

I don't think it will take you longer, in fact, I think it will be faster than what you proposed and less risky.It's less risky, because your plan depends on your properties staying the same price or appreciating in value.

If you are not locking it up and trying to sell it, you have to be licensed in your state to sell a property you do not own for a profit/commission or fee.DISCLAIMER: Not legal advice and just ramblings of some dolt on the internet.

I am looking at a property, that is worth about $130,000 to $150,000 depending on how much I end up putting to remodel the place.

But all this depends how much equity you think the property will have at that time, because ARMS can also get you in trouble...I also love the spreadsheet layout, very clear cut & precise with the numbers!

You stumbled upon one of the best real estate investing site in the internet!