The land is 8.5 acres near a small town, that is near a popular ski area.

And they even spent some money on capex to make it better looking.But even then, small town Malls are just not a popular place to shop anymore and then their Sears went out and then their Toys r US closed.

Many are well represented by sellers & turnkey operators here on BiggerPockets (myself included) The most popular markets are ClevelandToledoMemphisBirminghamKCIndyDetroitEach of these markets is popular with turnkey investors because of the low barrier to entry, high rental demand & high rent to price ratio.

I think it is a genuine scenario, if the intention was to deposit a check that would bounce, this question will not even arise!

Interest Rate: 5.75%Repayment Schedule: 20 yearsMaturity/Term: 5 yearsPrepayment penalty: 5,4,3,2,1Index Value FHLB plus a 2.5% margin. 20% down paymentThis doesn't seem terrible however, as we go into a rising rate environment I am a little hesitant on the ARM every 5 years.

Help them locate popular house plans to build, negotiate with owners of lots to market to be built homes on them, and list to be built homes.

If the property is in good shape, I doubt it every make sense (excluding some type of basement conversions that are popular in the north).

Also I recommend preparing yourself for the emotional burdon of feeling as though you've failed when problems arise. 

One I'm looking at now is in an upcoming and popular area.

Included within their most popular Professional plan is the option to receive a private phone number.