I tried and tried to determine a way that I could by my first property with the worry in the back of my head.

I think it's important to (as you suggest) to determine what it is you're getting (in reality) and how much it actually costs to place the properties in a holding company, such as annual corporate tax return, taxes, etc..In fact, after being solicited repeatedly by other investors I am currently exploring options with my legal and accounting councils and money lenders for how to best setup an R.E. investment corp and honestly it's a bit of a quagmire.In contrast, I am in no way experienced in US real estate investing but from where I sit it appears there is a bevy of beneficial structures that are *truly* investor friendly. 

The interest rate will be 10.99-11.99% (will [determine actual interest rate] upon receipt of the appraisal of the property) . 

I currently serve in the US Army so the exact location of my market will be determined by where Uncle Sam sees fit to send me next.Criteria: A GOI of 3% or better of the purchase + renovation price.

Under longstanding case law prohibiting the use of unliquidated claims as offsets (discussed below), however, a buyer should not rely on such a claimed offset as curing the default without a judicial determination of seller liability or a temporary injunction against the cancellation.INJUNCTIONS AGAINST CANCELLATIONSSeparate from the disclosure mandate for serial contract-for-deed sellers, the 2013 legislation amends Minn.

I think he'll go for it but I need to get it for the right price.Lots more to this picture so let me know what else you need to know to determine if this is worth the trouble, potential pitfalls, upside, risks, etc.  

I understand that the vacant lot needs to be determined suitable to build on as well as permitting and design approval for my home via the county and also possible construction loan/financing approval.  

You will have to determine the average rate in your area to decide what price to offer.Good Luck.Bill

Determine if it is secured or unsecured.  

The property will be mortgaged also and after speaking with my banker I was able to determine that a $200k property will cost me around $600 per mth.