I live in San Jose, and this market is notorious for making people lose faith in their ability to purchase. 

Instant gratification is the goal, not growth or development. 

There are some other lots in the area and we are curious if it’s a good investment still given the crazy growth.

You won't get all of that with brokerage account (although some may offer check-writing ability) so business checking account would be the way to go. 

Since its a older home the wood is old growth lumber which is a much harder, denser hardwood than what we have today.

ok I know this is not until February 2019 but I am excited and have never attended the 10x Growth Con’s in the pastBeen a huge GC fan foreverAnyone else going?

@Travis KemperLook into what’s called a Letter of Intent, LOI, which is used in the multi area as a sort of “pre-offer”.After that I’d encourage you to submit what they request and as long as you have a due diligence and a separate inspection contingency you should have plenty of ability and time to back out.  

How does this have change your buying ability? 

I think South Florida is a strong market and think there is potential for continued growth in the area.

The minimum loan amounts on some of these programs vary between $250K to $500K.There are programs for loan amounts below $250K but the rates are even higher but you still have the ability to utilize the 30-year amortization.You can go to the local bank and get a loan but their products are different.