Is that the land owners have a nasty habit of raising the land lease whenever they get a whim,  so you can really get stuck when you can not raise the rent, it does not cover the cost to carry, or even the rent on the units. 

@Charlton Brzezinski is there a lien on the house...if no, ask the seller to carry the note. 

(rental comps)4 - Use #1 & 2 (along with rehab costs) to compute potential profit in that market5 - Use #1 (to compute financing) and #3 (along with carrying costs) to compute potential Cash Flow in that market.That about covers it.

But they carried over to 2019 and I still have yet to sell those.

I suggest asking the seller to carry a note while you fill the vacant lots.  

One company owns everything and does nothing (this is your SLLC a/k/a “asset holding company”) and a completely separate company handles all of your operations (this is a traditional LLC a/k/a “operating company”) For the operating company which serves as your face to the world and through which you do all your business, you establish a Traditional LLC to carry out the operations of your investments.

One company owns everything and does nothing (this is your SLLC a/k/a “asset holding company”) and a completely separate company handles all of your operations (this is a traditional LLC a/k/a “operating company”) For the operating company which serves as your face to the world and through which you do all your business, you establish a Traditional LLC to carry out the operations of your investments.

You could explore the options of partnering with people in the states that can carry some of the financial/credit approval burdens.

I got there and told him to call me when they were on the roof , we are spending a entire day carrying 100 bundles of shingles up on his roof . 

They will also allow for owner carry on down-payment when owner is willing to take a second behind the bank.