Purchase price: $480,000 Cash invested: $50,000 Sale price: $480,000 A Planned Urban Development, So it is a single family residence with a H.O.A. the community is kept up.

I’m currently looking for builders or developers who I could get to weigh in on it but I thought maybe the BP community could give me a few nuggets about this area or what to expect.

I taught in CPS for six years while developing a small portfolio with my wife...working hard to expand it right now. 

The home sits on a lot that is owner financed by the person who developed the neighborhood.

I work with AvenueWest Managed Corporate Housing and we do property management for 30%, and we connect your property with our corporate accounts that we have developed over 20 years. 

@Cameron Riley I developed a software for myself and use it to manage my properties.

well what I would do is tell the seller the house needs 45k.. and since he holds the first you are improving his collateral therefore its safe for him to take a smaller down payment.Maybe offer to escrow the rehab funds so that if you say your going to rehab but don't he can go in and grab his 25k that is not coming to him in the form of down paymentlet him be in control of that 25k in some manner.. that may work.Its just like when I tie up development ground if I have a very cautious seller..

@Nicholas HeinrichLand that can be developed into subdivision;  individual houses; RV Park; mobile home park; storage units; apartments; commercial buildings; strip mall are good deals.  

I keep getting shut down by the big banks when I tell them I want to develop a partnership and explore flexible lending arrangements...

Your ideas will develop as time goes and it will be easier and easier.