So your mortgage would be USD 506 on a 30 year term 5 percent interest rate (a guess). 

I am currently just putting it into a savings account that has like 0.01 percent interest or something ridiculously miniscule like that.

My loan is at 4.125 percent which i believe is pretty good.

If so,maybe your brother is trying to prevent your siblings from being offended that you only will profit from the sale by way of a 2 or 3 percent sales commission,have you considered that point?

So we should be able to build the building for 30-40 percent less then what is should be worth.

For example, kitchen appliances have much shorter lifetimes than roofs, in theory- so if you were to buy $3,000 in kitchen appliances, the IRS may allow you to depreciate those over a shorter time period, say 5 years or so.

Tell the tenant the property will not be sold to anyone but them as long as they live there and pay the rent on time Have a forced down payment savings plan at the tenant's bank to reach 3 to 5 percent of FMV

If the lessee is leasing only theland and has to pay for construction of improvements, the investment will probably belarger than buying improved property with a mortgage.Advantages to the tenant are:• One hundred percent of rent is deductible as expense.

Seller Financing: 5 percent for 1 year with NO money down then seller will adjusts depending on prime rate2.

not any more, returns are getting back to realstic levels . 8 to 10 percent is what you can expect on realtymogul these days.