You can probably clear enough doing that over the next couple of months to cover the payments on the owner-carry note.By the end of the summer, if you work reasonably hard, you should have a lot worth a fair bit more than the raw land you started with.

Gold coast is the most popular and I used them.  

They are "contractor grade," and both carry a ten year warranty.

It is usually to evaluate a lease/option or owner carry.

Given there will be closing costs and carrying costs, and the project would take 4-5 months to complete, do you think a 50/50 split between the builder (me!)

But the seller was firm on his price ($1.4M), yet he did agree to let me take over payments of the existing balance ($990K) and he would carry the difference with no interest or payments until I can cash him out.Upside: The seller purchased the property over 10 years ago for $1.4M and has never increased rents, fill vacancies, or off-set expenses to improve the value and Net Operating Income.Exit Strategy #1: Buy & Hold.

Maybe I could ask the motivated seller to carry a second?

I have purchased with seller financing with $10k down, and seller carries the balance for as low as 4.5%.

But of course you want to build to meet demand so you don't have excessive carrying costs on your standing inventory.

I am financing the purchase, rehab, and carry.