For years I had a few builders that specialized in in-filling, sometimes the adjacent lot owner was a good prospect because it increased the options to that owner, sometimes I was able to use the lot as a down payment on something else or able to have that owner use it to buy something else, so if you can get an option for $10 at a good price it's a cheap gamble.

I I paid special attention to the speakers in the subjects that were going to be covered.

Be prepared for them to call the line.

The only expense would've been taking a little bit longer to become self-sufficient, but I certainly would suggest that to all the young investor starting out now.I feel that I have done everything I can to be prepared financially for the ups and downs in the economy and if you research previous posts and threads that I have entered into you will understand my thought process and hopefully the methods to my madness!

We live in California, but do all of our investing out of state using real estate agents who specialize in selling to investors.

You have to use at least a Special Warranty Deed and preferably a General Warranty Deed or they won't insure the title.

Then I plan to sell the lots into a strong land market to someone who specializes in new construction.

Be prepared for overcrowding and long term unwanted guests, this is a fact of life in these areas.

There are a few other attorneys in Dallas and Austin that specialize in this stuff too.

Under certain situations ("special circumstances") you can get around the 1-year rule, but you must have had the intention of living there for 1-year when the property was purchased.Unless it's clear that you have a special circumstance where you have to move after 90 days, I would recommend speaking with a good real estate attorney before deciding to sell.All that said, when you sell, the proceeds from the sale are generally used to pay off the loan -- if the sale proceeds don't cover the full loan amount, you'll need to provide the difference out-of-pocket.