It also includes a small commercial space <1200ft which I also hope to rent eventually (it's a conditional permit only for a small business, no retail). 

Hope this helps!

Hope this helps!

Hope that helps. 

Hope this helps!

When they sat down with my wife and I to show us the plans, they said they were hoping to give us 10K for the piece of property.I am hoping that someone has experience in this occuring and amount of money received.

The truck and camper are just losing value every month.Enjoying life is also important and I bet that camper is a big part of that.

Once you get clear on that understanding then you're ready to invest and that should line up with a time hopefully when the opportunities are better in the space than they are right now and say 8 to 16 months. 

so most people will have to be as leveraged as possible to scale (at the beginning). as in, keep your LTV high and focus on buying 'as much' ($$) RE as possible. this is if you're doing a pretty run of the mill REI strategy like buy and hold. i came across an interesting guideline once: if you could sell today and net 7x+ your annual true net cashflow, you should cash-out/refi, or sell/1031. think of it this way: if your portfolio in a year is worth 1m market value, and you owe 600k, and have a lender that will do a portfolio loan at 80% ltv, you could cashout refi and get 200k to play with (minus closing costs). when you compare the now-lower cashflow from the existing portfolio (higher LTV & maybe different rate), to what you can do with 200k cash, THAT'S where it gets fun. maybe you lose 1k/mo in cashflow on the original portfolio (literally just made up a number, idk), but you can gain 2500/mo in cashflow with that 200k.. then doing the cashout/refi earned you a net increase in your monthly profit of 1500/mo, plus you're getting debt paydown and appreciation on "more" real estate, probably getting bigger tax benefits, etc.

I hope this answers your question.