For a flip, it's a definite eye catcher to a prospective buyer. $ well spent.

Alison Miller - That is great advice, and in fact I've developed my own software to keep track of all my leads and mailings.

Subsequently, I'm trying to develop a strategy, where I can gain a monthly cash flow on the mtg. pmt WITHOUT the risk.

Land development?

Lane, there is so much to new home development, I'll just address a couple things.

An attorney in Kansas City was assisting in the development of the LLC laws in Jeff City and I did speak with him and suggested multiple members with different rights as to voting and he liked the idea.

I'm just turned off by the prospect of having the loan go into default and then moving forward with foreclosure... though, I hear some people get into debt deals hoping for that to happen.Perhaps you can't really generalize, and must examine deal by deal...

I disclosed it although I didn't legally have to, I figured the same neighbors would run to share the story to any prospective buyers.

Some people also list properties that might have a highest and best use that is not a park, and that kind of developer does not come around every day- so some properties sit for decades...

The deal also includes 13 acres of developable land, including some commercial frontage.