My husband and I were looking to purchase a house in Mountain Home, Arkansas. 

That ensures you don't spend it on other things and know exactly how much you have to spend on the next purchase.

Issue a mandate to the PM that any repair over #XXX needs an Itemized Time & Materials Purchase Order to be completed by them and your signature of approval, without which the PO is denied. 

Contract is a normal purchase and sale.

Here goes: I've just purchased my fifth contract-for-deed (CFD) and I'm now on a timeline where I save up and buy a new CFD every three months. 

If for example each lot is $50k and the cost to build the road is $5k and selling costs is $3k and $1k cost to hold the additional lot then you get $1k for the effort and risk of the purchase.  

I'm planning a move to NC and trying to make the smartest financial decision with my current home. Here's my situation:
NJ Home: Worth $525k, $190k mortgage remaining, prime location in Bergen County with easy NYC ac...

You will need an offer to purchase contract, promissory note, and deed of trust if you are looking to do an owner financed lot.

The model worked well for about 6 months and so on but went south after the strike and there were lot of cancellations and schedule changes so he eventually decided to terminate his lease.

What state are you looking to purchase in ?