It's a little strange but these days commercial financing can sometimes be more cost effective than what an owner would do unless they're willing to accept a really low interest rate.The situation I see a lot recently is a retiring baby boomer with plenty of equity.

Yes, the lots are much more expensive in Cape Coral, although, you can sell your end product for a lot more.

Kevin Manz ,I bought a book, here on bp, called The Book on Investing in Real Estate with No or Low Money Down.

@Chris Nowlin, Like kind would be any kind of real estate that is held for productive use in business trade or for investment.  

If you use all that money to pay it down you incur a growing opportunity cost for not utilizing that money on something productive. 

My first home was bought with an FHA mortgage with a low down payment, with the assistance of the CityLift program, which gave me down payment assistance.  

Hello Nurum,If you sell the note you will take a pretty good hit and a note buyer isn't going to be overly anxious to buy a Contract for Deed with the low credit score. 

John Howdyshell your profile says you are looking for a private lender for a low interest long term loan.

Because they have dozens of educational classes every week and the monthly fees are low.

I was uncomfortable but I thought that maybe this was the way commercial deals worked.The GP predicted selling the property for $3.1 and then signed a deal in January for 2.78, which seemed low given the hot nature of the market and the improvements done to the property but I didn't really have any recourse.