What strategies to you have for finding these folks, and how to approach them with creative financing options even if we are not loaded?

The three roommates approached my brother and I with the news that they were throwing in the towel and were moving back to Va., and who could blame them?

I'm pretty confident I can get the investment backing, but I want to get my ducks in a row (renderings, investment return, etc|) before I approach my pool of investors, so as to look legit:)  Before doing that, however, I want to be able to articulate the structure of the deal.In the case where the land owner is involved, is he/she a equity stakeholder with a preferred IRR in the deal?  

Personally, I like the househacking approach of buying a property and getting a roomate or two to help pay the mortgage.  

My day job is analytically oriented, so by nature I won't make a deal unless I'm sound in the numbers; at the same time I've seen it mentioned here numerous times that the biggest recommendation is to start making actions.Hope your week is going well as we approach Thanksgiving, and as always thanks for the advice!

My commitment to client success and tenacious approach produces amazing results.

The best way is to educate yourself on what the right metrics are to approach these properties logically and with a system that works each time.

Prepare for the worst and hope for best Approach.

@CHaim K. this is a great approach as there is a big supply of empty lots throughout South Florida.

When I drove around the other day, I brought her some addresses of run down homes.