I'm using your numbers, but I'd rather break even in 6 years than lose 20k today.

Have any examples of folks doing this already today? 

Today, the Sales Mgr at a local high-end dealership agreed the demand for a storage option is through the roof and offered up a rather large list of potential clients for pre-sales.Long story short, I have available to me roughly 4 acres of flat, dry land in Charleston, SC. 

Follow me on this:You have $50,000 to allocate to RE, which tells me that you have achieved a fair amount of success in your life - you've found a certain competitive advantage...At the same time, we happen to be in a very difficult market today.

Yesterday, today, tomorrow.

So today I went to city hall to look up probate leads.

i.e. if the draw is earned (scope done) today, will they be forcing us to work more than that before getting paid?

Today I have one score that is a 750 and have 0 collections in history.

Today until there's case law:  it's fuzzy to some, the gurus are saying do as many as you want and I feel doing just 3 per year is safest AND using a LMLO even though the 3 per exemption makes it sound like you don't need an LMLO (unless high expense loan etc).  

I just put my first offer on a house today.