Also the course decribing the lot doesn't close by 35'...three parcels adjacent to ours that we share a boundary with have completed record surveys over the last 40 years and have identified and attempted to reconcile the issues using good survey theories (the art behind the math, who gets what and by how much and why).

Do we, instead, put as low a down payment as possible (owner occupied financing) and buy several cash flowing REIs to cover as much of the new higher mortgage as possible, using the chunk of equity from the sale of the SFR?

@Aubrey E Alleyne I am not sure you can go wrong being that close to the beach.

While real estate investing isn’t 100% passive, it can be pretty close with a good team in place.

If purchasing the land will not require the permit to close but will require plans If refinancing on land that is already owned will require the permit 

Purchase price: $98,000 Cash invested: $30,000 Sale price: $158,000 Fire Damaged Home What made you interested in investing in this type of deal?

The very few builds that have sold that even come remotely close have sold for a fairly nice premium. 

I have been running some numbers on 4plexes for sale in my area.

Purchase price: $39,000 Cash invested: $15,000 Sale price: $70,000 Convertes 3/1/1 to 4/2 FORECLOSURE What made you interested in investing in this type of deal?

The land is the sale.