Possibilities are endless.... housing, a farm, sell the timber, trailer park, subdivide and re-sell, explore/mine resources,  hold and sell later... thanks. yes, its currently zoned as 'green' which i believe is agricultural use (i'll obviously need to do a lot more research)...might change in the future due to its proximity to the city center. 

If so, you can refinance out of the FHA product into a conventional, and use FHA again (if you're willing to relocate).

@Kendric Ng I would call around to well known LOCAL banks and take their investment bankers to lunch or coffee and explain your goals and get their product offerings.

I am as green as it gets in Real Estate, so I am here to learn and network. 

But other than those few with a finger on the pulse of rising foreclosures or the preponderance of risky mortgage products, the only real evidence to support a bubble burst was a long steady march up in values.

FHA/PMI products), as we're only trying to put about 5% down to use the excess cash for rehab. 

We can easily determine the additional cost of electricity, gas, water usage, and consumables (paper towels, laundry detergent, cleaning products, etc.). 

Looking to purchase Clayton or Champion Modular (Tiny House) for use in Florida - any insight/experience with modular housing in Florida would be much appreciated.Financing is available directly by some manufacturers (Clayton) and by 3rd Parties for other manufacturers products (Champion).There is additional benefit in not having to pull building permits in Florida if modular product is 399 SF or less (I believe)Here is LINK of Champion products fitting this model: https://www.championhomes.com/...

Is it possible to be in the green while living on sight in your first year?

(And Shift: How Top Real Estate Agents Tackle Tough Times by the same authors) I'm waiting with much anticipation for David Greene's books for agents that I have heard teased are coming soon, but I haven't seen dates yet.