However, lately I have been seeing appraisals come in lower than anticipated so be prepared for a value cut (Subject to your market of course)Lastly, you can do a delayed purchase and use 100% of the initial cost so as long as the loan amount does not exceed 75% of the new appraised value.

I'm aware this will hurt my credit for a long time and I am willing to live with that.

I managed the properties myself, and was offered a job out of state that required long-term international travel. 

Long time ago since I had that discussion and I am definitely not a tax guy, so I could be 100% wrong on all of this.

The kind that would pay and stay a long time.

I view real estate investing as a long game.

Gift tax and/or long term capital gains.

It doesn't take long to learn how to spot a good deal.6.

So in the end, I will be putting 4 new mobile/modular homes on these lots.Exit Strategy: Rent long term or Lease option to buy.The price of the "Farmhouse" is $175kRepairs: Pressure wash the house, paint inside and out, replace flooring: $10k$15k for fees, inspection, or any other unforeseen expenses$20k for Mobile/Modular Home SetupThe price on the 3 acres behind the farmhouse is $80kRepairs: Paint and new flooring $10k$15k for fees, inspection, or any other unforeseen expenses$20k for Mobile/Modular Home SetupTotal: $645kI have a lender who is willing to cover the deal @75% of the cost.I have a Gator who will cover the EMD.What I need is someone to help me with the Gap between that.

The experience you gain now will benefit you in the long run.