I recommend the book “Rich dad, Poor dad” by Robert T.

Now this can be for a BRRRR, if rates fall and you're trying to obtain a lower rate, or for some other reasons.

Originally posted by @Eddie T.

T

@Guanghui ZhuIf these are land deals and you are not made whole after foreclosure in most states you should be able to obtain a deficiency judgment as you know the borrower is not living there and may own a primary residence.You could get a judgment against the borrower on their primary home and seek to foreclose on that propertyPeople tend to take things much more seriously when it’s against their home vs a vacant lot

As Henry T mentioned, this is the worst type of risk.  

Originally posted by @Lydia T.

@Hung T Nguyen I'm not sure I understand where you're coming from.  

Have you obtained any detailed cost/benefit analysis quote?

Providing the school and annex issues don;t degrade the area too much you should be OK.