R,Jairmiya  Hi Jairmiya, Have you looked into areas in the midwest to get the kind of returns and unit counts you mentioned in your post?  

As mentioned above, doing that with an investment property is not likely.

If you sell even with the gains you’ve mentioned your commissions and selling costs would probably eat that up and you’d likely break even at best.You’re right about this not being a cash flow rental.

Like adam mentioned coming from commercial real estate or other backgrounds notes may seem like a cup of tea since many in those backgrounds have dealt with real estate professionals and know what IRR is and how to run a financial model.

You mentioned 53222. 

I see how people mention that they will get a property under contract then look for a PML or HML.

This can be done with software which I can't mention here or this post will be flagged as spam (ha).

I've heard it mentioned on some of the podcasts.

@Ivory Hayes I know you posted this in 2018, but I’d like to know more about the lines of credit and other methods that you mentioned I’m in that same position now; good credit with no cash.

I would like to close because the location is great, the lot is at a good price, but I have never run into this and want to avoid the risks mentioned.