Next best thing that makes me actually a #4, I have 5 years REI experience, and I know exactly how to optimize a house for its size, location, and what to do or where to get materials at rock bottom.

Generate a cash flow from the current house...you didn't mention the size but it sounds like the monthly rent would cover the PITI.

Working with a US company whom has many assets in Bermuda and is looking to take on a good size commercial project there.

He has a decent sized LOC set up so that he can borrow the money when he needs to do so.When he wants to go to an auction at 10:00 he picks up cash in the form of cashier's checks. $200K to $300K depending on what he is after.If it works out that he can not buy at a price he likes the bank takes the cashier's checks back without charging him for the use of the money.

If it is a wetland depending on the size and quality, you may still be able to fill it in, or you will have options for mitigation, or you will just be stuck.2.

[size=9]Let me get this straight ... most lenders will not provide financing to an LLC entity.

The cost to add 2 more units by reconfiguring the current 4 units is going to be costly for a small $400 a month increase in rents.I also think that the large size of these apartments is a real draw for people and its what makes them so easy to rent.

The selling prices, after adjustments for differences in date of sale, size, condition, and location, would then indicate the estimated FMV of the donated property.If the comparable sales method is used to determine the value of unimproved real property (land without significant buildings, structures, or any other improvements that add to its value), the appraiser should consider the following factors when comparing the potential comparable property and the donated property:1.Location, size, and zoning or use restrictions, 2.Accessibility and road frontage, and available utilities and water rights, 3.Riparian rights (right of access to and use of the water by owners of land on the bank of a river) and existing easements, rights-of-way, leases, etc., 4.Soil characteristics, vegetative cover, and status of mineral rights, and 5.Other factors affecting value.

@Ben Bymaster  I agree that whether you should use onsite or offsite management depends on the size. 

Down Unit has 2 nice sized bedrooms, full bath, large living room with fireplace, kitchen and plenty of storage and nice front porch!