You may do a $55k min loan amount however the fees will be pretty high since it's the same process as any other loan.

I think this is my fav part of whole land buying process. - Buy/Hold - Buying land for long term.

Yes, I've had the Sue on sale clause called on me 10 times"The liability of having the Due on Sale called is that you have 30 days to pay off the loan in full or the freclosure process can begin.Once that gets filed, that puts a foreclosure on the seller's credit report and they can sue you.

He is in the process of notifying his bank about the situation.  

Familiar with the whole acquisition process but I know that I am only as good as my contracts.Thanks!

Also, value ALL the roles involved in the process.

I’m in the process of transitioning to doing the real estate full time so will be doing more hands on stuff as needed but don’t expect it to be anywhere close to 40 hours a week, I’m looking to cut down on the amount I pay my contractor each month.

Presently, as part of the lease signing process, I ensure to thoroughly explain this clause to new tenants and obtain their initials for acknowledgment.

In general small repairs that don't modify the design can be made to a deck without a permit but if you add or remove anything, or the deck is a certain distance off the ground (30" in my area), or the repair involves anything structural, the handrail, stairs, stair stringers, etc. then you need a permit.

First step would be to read as many books or listen to as many podcasts as you can to understand both the buying process and how to identify a property as a good deal or not.