Gary can be a good rental city, but you better have a very strong property manager or you could have major issues with rents not being paid and people tearing up your properties.  

The issue with land in general is its stark trickiness, there's no way to set a general rule of thumb as to what prices ought to be offered or what an approximate value would be, the reason?

As a tenant myself, who is just about to buy her first property...landlords who are responsive, friendly, and actually care when I have an issue make me very happy.

Sometimes building trust with Private Lenders take some time but if numbers make sense, you won't have issues having money follow. 

Nothing in my deals would lead me to believe that your interest rate would be affected by a payment that's not technically late.

I'm currently 27 years old and enjoy long walks on the beach.I also have somewhat of a lame sense of humor :-pIf you look at my profile you'll probably notice that I've been a member for almost a year, so I suppose I'm technically not "new" per se, but I am new to the forums and I'm making an effort to become a more active member.

So, technically, he never owned more than 1/16th, but it was always seen as Marcus' house by everyone in the family.

@Bradley Cumming one issue with your plan is that you need "good" credit to refi!!

Good  tenants should have no issues with a M2M lease.

Of course the answer to this issue if you close late in the year and want the full 180 days is to file an extension.For you it is irrelevant whether you sell and close the purchase in 2016 or close the sale in 2016 and the purchase in 2017.