Regardless of what approach/configuration you take, both would leave you without any reserves or operating capital.

What is your plan for operating?

So ya he's going to lose his house and everything else I bet.

i'm talking a GOOD 6 months to a year of learning about finances (both personal and business), real estate investing - benefits and risks, business operations, and some systems for analysing properties thoroughly.keep in touch.

i hav a friend whos financing just fell thru on a 200 k loan to finance his salvage operation he has the land and liscencing all wrapped up but needs operating capital and money to buy a scale he has some good collateral if interested kevin

Perhaps a strat. of buy, hold and sell is the best bet.

I have no idea what building a bathroom inside the structure will cost but I'll bet it's going to run $10-$15k.

Your best bet is a hard money lender, and if you don't even have atleast the upfront fees (usually about 5-6%) then the HML probably won't feel comfortable with it.Third, when you say you figure it will sell for 70K or 90K, what are you basing that off of?

Your best bet for determining a true CMA (comparable market analysis) is to use a trained pro.

Tucson, AZbut I operate in and around Mexico :mrgreen: