One needs a good bit rehab and houses in that area of NC are now going for 280k and renting for $1200 with comparable sq ft. 

Since it’s commercial on the first floor, we need a commercial mortgage.

You need to have enough money, probably in the $100-150k, amount to put the property under contract, and do the feasibility study on the property, Phase 1 Environmental, Property Drawings for roads, water sewer, and utilities, and have a completed budget so you know what your costs are.At that point you can go out and attract investors, I don't thing that developing raw land is necessarily cheaper than buying discounted finished lots. 

I'm looking to invest OOS in the Phoenix market and would need a PM.

Except we do need to try and convert Dave from a Kansas State fan to an Iowa State fan, but we will try that another time. :)

Ask how many units they manage and how much experience they have.

That will allow you to keep your low rate on $170k if you have a low rate, then have a line of credit that is only the size you need and easy to pay down.This approach keeps your $170k liquid, sets up a $0 balance HELOC for the additional principal you can get and you don't pay for the additional principal loan in the HELOC until you use it, and only for what you use.

I also have a dedicated LLC that I have not really used much in terms of changing my contracts to use the comapany name instead of my personal name.

Self storage  did a deal for him were I gap funded it buyer needed to close in 3 days there is 400k in equity I  put up 75k to close the deal and we get 100k back when it sold no matter what its sold for plus cash flow..

Reason number  45,250 that I need to move to Denver at some point in my life